2019-9-12 08:43 |
Is there a descending triangle on the current Bitcoin price chart? In our opinion, no
Similar to Notcoin - Blum - Airdrops In 2024
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As Bitcoin price struggles to maintain strength above $10,000 but is unable to push below $9,200, the crypto asset’s price chart has formed what appears to be a descending triangle – a bearish continuation pattern, that does have potential to break to the upside.
2019-8-2 23:00 | |
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Dogecoin looks likely to reenter an important range after forming a descending triangle over the past three to four weeks. A descending triangle is a bearish trend continuation pattern that increases the likelihood that price will break below the pattern.
2019-1-9 19:24 | |
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Most major cryptocurrencies are consolidating today. However, some exceptions include Tron and Cardano which are both showing strong price performances. Ripple’s XRP – the third largest cryptocurrency by market cap – is also consolidating and continues to trade within a descending triangle pattern which has been forming since the end of December.
2019-1-9 19:14 | |
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Bullish movements are taking place in many major cryptocurrencies today after a brief consolidation took place across the market yesterday. Cryptocurrencies such as Litecoin and Tron are surging, but others are failing to follow suit.
2019-1-8 19:34 | |
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A descending triangle is a bearish continuation. this pattern has been forming in XRP since the end of December. Price action looked likely to break to the downside of the pattern yesterday but was saved after bullish surges took place across the market.
2019-1-7 18:44 | |
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Bitcoin chalked up yet another day of major losses as bearish momentum gained traction after the wedge and triangle breakdown. Price might be aiming for the bottom of the long-term descending channel from here.
2018-11-21 04:07 | |
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Bitcoin has tumbled again today as the market continues to see further downward movement shortly after breaking two areas of market support. So far, bitcoin is down 15% on the day — 25% in 1 week:Figure 1: BTC-USD, Daily Candles, Downward ContinuationThis drop below support is starting to display hallmarks of market capitulation.
2018-11-20 02:27 | |
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After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017:Figure 1: BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16% yesterday as the market sliced through the long held support like a knife through butter.
2018-11-16 01:28 | |
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DASH/USD breaks below previously highlighted symmetrical triangle. The market is still trading below the long-term descending trend line as… The post Dash Price Analysis: Bulls Retest DASH’s Long-Term Descending Trend Line appeared first on Invest In Blockchain.
2018-11-14 02:44 | |
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Nothing in this article is to be construed as investment advice. Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses incurred as a result of this information.
2018-10-25 19:20 | |
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Bitcoin is still trading inside its descending triangle on the 4-hour time frame and consolidating just below resistance. A break past the $6,500 resistance could be enough to confirm that bulls have won over and that a longer-term uptrend is underway.
2018-10-23 05:12 | |
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Bitcoin Price Key Highlights Bitcoin price appears to be turning from the resistance at the top of its descending triangle on the 4-hour chart. Price could be making its way back to the bottom of the triangle again from here.
2018-10-19 07:35 | |
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Bitcoin Price Key Highlights Bitcoin price is attempting another upside break from its descending triangle visible on the longer-term charts. If this is a decisive break, price could climb by the same height as the triangle, which spans close to $4,000.
2018-10-18 06:37 | |
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A strong round of buys hit the market this weekend as unsubstantiated rumors began to circle surrounding Tether and Bitfinex’s potential insolvency. I won’t be going into the details surrounding the allegations because, like I said, they are nothing more than unsubstantiated rumors.
2018-10-17 01:03 | |
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Bitcoin looks set for an imminent price breakout. The price action chart for the top-ranked cryptocurrency shows a classic breakout pattern which could potentially signal an end to the sideways trading of the last two months.
2018-10-8 19:45 | |
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Monero seems prime for a bounce off its ascending channel support as it broke above a shorter-term descending triangle. The post Monero (XMR) Price Analysis: Ready to Resume the Climb? appeared first on Ethereum World News.
2018-10-3 10:36 | |
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The volatility of Bitcoin continues to drop to new lows for 2018 as Average True Range (ATR) reaches the 228 value. Bitcoin is currently trading around $6575 at the time of writing with the descending triangle pattern which has been forming since January nearing its end.
2018-10-2 17:39 | |
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Bitcoin seems to be making an upside break from its descending triangle pattern, setting its sights on the short-term channel top next. The post Bitcoin (BTC) Price Analysis: Finally a Triangle Breakout! appeared first on Ethereum World News.
2018-9-28 06:43 | |
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The descending triangle pattern remains the dominant discussion point among traders in Bitcoin. It is an important pattern and could be the key to whether this bear market continues for a prolonged period of time or whether a sharp break up occurs.
2018-9-27 17:56 | |
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Bitcoin is undergoing its fourth consecutive drop today. The depreciation was small over the weekend but have been considerably larger these past two days. The key pattern which is still in play is the descending triangle which has been forming since January.
2018-9-25 17:45 | |
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Price action for Bitcoin recorded a bullish week last week as the price rose from lows near $6100 to highs near $6850. Price approached the descending triangle pattern which has been forming since January last Friday and has been retracing back down since.
2018-9-24 16:57 | |
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Bitcoin slumped back to the support of its descending triangle visible on the daily time frame. The post Bitcoin (BTC) Price Analysis: Testing Long-Term Triangle Bottom appeared first on Ethereum World News.
2018-9-12 06:06 | |
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Bitcoin has formed lower highs and found support at the $6,000 area as it forms a descending triangle pattern. The post Bitcoin (BTC) Price Analysis: Approaching Triangle Support appeared first on Ethereum World News.
2018-9-10 03:41 | |
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We are seeing further bullish movement across the market today with some altcoins showing 24-hour increases in the double digits. After a small reversal yesterday, Bitcoin is back to pricing in gains but is fast approaching an area where resistance is to be expected.
2018-9-4 17:05 | |
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In yesterday’s post, we weighed up both the bullish and bearish case for the price of Bitcoin. There were many signs pointing to further upward movement and this has manifested in Bitcoin now trading above $7,000.
2018-8-28 16:50 | |
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Last week was a bullish week for Bitcoin as both price and RSI continued to form higher highs and higher lows. The MACD is currently fast approaching a centerline crossover which will be a strong bullish indicator.
2018-8-28 17:27 | |
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Ripple made an upside break from a descending triangle pattern and could retest the resistance before heading higher. The post Ripple (XRP) Price Analysis: Bullish Break and Retest appeared first on Ethereum World News.
2018-8-22 06:57 | |
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On a weekly basis, Bitcoin prices are up one percent and in the weekly chart prices are moving inside a descending triangle with limits at $6,800 on the upside and $5,800 on the downside. On top of this, prices are consolidating in the daily chart within Aug 10 high lows. Either way, bears on in […]
2018-8-20 17:33 | |
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Bitcoin ETFs is not yet a yes from the main US regulator, the SEC. However, as things stand, there is Bitcoin Tracker One and though it is tradable via broker’s OTC market, investors can now invest their USDs in Bitcoin.
2018-8-20 05:00 | |
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The SEC has decided to postpone making a decision on the Direxion Bitcoin ETF application until September. BTC/USD Bitcoin broke out and closed above the downtrend line of the descending triangle on July 23.
2018-7-26 01:43 | |
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Bitcoin has finally enjoyed a few consecutive days of rising prices this month. BTC has enjoyed a price hike of 3. 57% over the past 24 hours. The cryptocurrency is currently exchanging hands round $7,760, at the time of writing and has enjoyed a surge of 15.
2018-7-24 08:12 | |
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Bitcoin Price Key Highlights Bitcoin price busted through its short-term channel and the top of a longer-term descending triangle. Price is now making its way to the area of interest around $8,000 that might make or break the rallies.
2018-7-24 06:56 | |
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Bitcoin keeps climbing and has been able to make its way past the top of the descending triangle on the daily chart. The post Bitcoin (BTC) Price Analysis: Another Major Upside Break appeared first on Ethereum World News.
2018-7-24 06:36 | |
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Bitcoin Price Key Highlights Bitcoin price has been on a tear lately but has yet to break past another key resistance on its move higher. Price has been trading inside a descending triangle on the daily chart and is just testing the top.
2018-7-23 06:38 | |
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Daily Chart This week BTC 00 struggled to break above the descending triangle bottom and so far has traded in a tightening $400 range. Later in the day, Bitcoin dipped below the 20MA and short-term technical charts remain biased toward bears.
2018-7-8 17:54 | |
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Bitcoin continues to trade near yearly lows and many investors are taking comfort in the popular saying, ‘The bigger the base, the higher the space. ’ but has the digital currency actually found a bottom yet? Daily Chart This week BTC struggled to break above the descending triangle bottom and so far has traded in a tightening $400 range.
2018-7-8 15:00 | |
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Tron Price Key Highlights Tron was previously consolidating inside a descending triangle as it formed lower highs and found support at 0. 38. Price is now breaking through support to indicate that further losses are in the cards.
2018-6-29 07:11 | |
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Bitcoin has experienced sideways this movement following last weeks crypto market carnage where markets purged over $70 billion in market value over 7 days. Bitcoin is currently up 2% over the past 7 days and is exchanging hands, at the time of writing, at a price of $6,700.
2018-6-22 00:40 | |
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Bitcoin Price Key Highlights Bitcoin price has broken below one triangle after another as bearish momentum strengthens. Price is now trading below the descending triangle bottom of $6,700 after previously falling below the symmetrical triangle.
2018-6-14 06:40 | |
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As of this writing, the BTC markets appear to be falling to test support at the $6,000 USD area after forming a large descending triangle. The leading alternative cryptocurrency markets are following suit, with all of the top ten cryptocurrency markets having lost approximately 10% against USD in the last 24 hours. As of this
2018-6-14 05:15 | |
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Bearish momentum appears to be accelerating across the cryptocurrency markets following the failure of BTC to hold above the long-term ascending trendline dating back to July 2017. As of this writing, the BTC markets appear to be falling to test support at the $6,000 USD area after forming a large descending triangle.
2018-6-14 02:20 | |
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Bitcoin Price Key Highlights Bitcoin is still inside its descending triangle visible on the daily chart. Price is testing support and is approaching the peak of the formation to signal an imminent breakout.
2018-6-11 07:57 | |
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