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Continuation BTC USD Patterns

These bitcoin patterns confirm the trend will keep going in the same direction.

Crypto traders use these patterns to find the halfway points of a trend, because they usually appear at the midpoint of the trend.

There are 4 types:

  • Ascending triangle
  • Descending triangle
  • Bull flag/pennant
  • Bear flag/pennant

Ascending Triangle

The rising triangle shows up when bitcoin prices are going up and it means that the price is likely to keep going up.

It marks a resistance zone where buyers push prices up each time. A break sends Bitcoin higher.

Overhead resistance temporarily prevents the bitcoin crypto market from advancing, while the rising btcusd crypto trend line below the setup indicates that buyers remain active. A breakout above the upper line serves as a technical buy signal for a market emerging from an ascending triangle.

Found within a Bitcoin upward bitcoin trend, the ascending triangle forms as a consolidation period within the up bitcoin trend and shows upside continuation will follow.

Rising Triangle Bitcoin Chart Setup Bitcoin Trading

The market has formed an ascending triangle during its upward trend in Bitcoin, which has resulted in a continuation to the upside. The buying point occurs when the BTC/USD Bitcoin price surpasses the upper sloping line, and the BTC/USD cryptocurrency market continues to rise.

Descending Triangle

In a down bitcoin trend, the descending triangle forms. It points to continued downward price movement.

It means that there is a price level where sellers keep trying to drop it lower each time, and when it drops below, the btcusd crypto price will likely keep going down.

The support level briefly halts the btcusd market's decline, but the downward-sloping line indicates sellers are still active. If the price breaks below the bottom line, it's a technical signal to sell cryptocurrency, suggesting a market breakdown from a descending triangle, and increased selling pressure.

The descending triangle pattern happens in a downward bitcoin trend. It shows a break within the bitcoin downtrend and that the downtrend will likely keep going.

Falling Triangle Continuation Bitcoin Chart Setup Trade - How to Analyze Falling Wedge Bitcoin Setup

Market formed a descending triangle during its down bitcoin trend which led to further selling & continuation of the down-wards cryptocurrency trend. The technical sell cryptocurrency signal is when bitcoin price breaks-out lower horizontal sloping line as selling resumes to push the btcusd market lower.

Bull Pennant/Flag

This pattern in bitcoin makes something that looks like a rectangle shape. The rectangle is made with two lines that run alongside each other and act as places of support and resistance for the bitcoin value until it goes past them. Usually, the flag will not be perfectly straight but will be formed at an angle.

You can see the bull flag when Bitcoin prices are generally rising. In this pattern, the btcusd price goes down a bit, so it's a small pullback with bitcoin prices moving in a tight range that slopes slightly downward. You should buy when the bitcoin price goes above the top line of the flag. The flag's highest and lowest points can be linked by small lines that are side by side, making it look like a small tunnel.

The pennant occurs at half-way point of a bullish upward bitcoin trend & after a break out a similar move equal to the height of the flag-pole is expected.

Bull Flag Continuation Bitcoin Chart Pattern Setup Bitcoin Trading

The bull pennant above was just a resting period as the btcusd market gathered strength to break out & move higher. The continuation signal was confirmed as a upper line was broken to the up-side.

Bear Flag/Pennant

This flag is found in a Bitcoin downward cryptocurrency trend. The bear flag is a continuation pattern where the bitcoin price retraces slightly/a little with a narrow bitcoin price action that has a slight up-ward tilt. The sell point is when bitcoin price penetrates lower line of inverted flag. The pennant portion has highs & lows which can be connected by small lines which are parallel, giving it what looks like a small channel.

Bear Flag Continuation Bitcoin Chart Pattern Setup Bitcoin Trading

The bear pennant above was just a resting period for the btcusd market before more selling. Continuation trade signal was completed when the lower line was broken to the down-side.

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