Continuation Patterns Bitcoin Patterns - Continuation Bitcoin Patterns

When these continuation chart patterns are formed on the BTCUSD chart they confirm that the ruling Bitcoin price trend is going to continue moving in same direction.

These continuation chart patterns are used by Bitcoin traders to spot half way points of the trend: this is because these continuation patterns form at the half-way point of a trend.

There are 4 types of continuation chart patterns:

Rising triangle chart pattern
Falling triangle chart pattern
Bull flag/pennant chart pattern
Bear flag/pennant chart pattern

Rising Triangle Continuation Pattern

The ascending triangle setup is formed in an up-trend and it shows that the upwards direction of the price is going to continue in. It shows that there is a resistance area that the buyers(bulls) keep pushing every time moving it higher, and once this resistance level breaks, the market will continue heading upwards.

Overhead resistance temporarily stops the Bitcoin market from moving higher, while the ascending trendline beneath the setup signals that the buyers(bulls) are still present. An up side penetration of the upper trend line is a technical buy signal for a market breaking out from an ascending triangle chart pattern.

This ascending triangle continuation pattern is found within a Bitcoin prices upward trend, the ascending triangle develops/forms as a consolidation phase within the uptrend ==22==and indicates an upside price continuation will follow.

Rising Triangle Bitcoin Continuation Setup - BTCUSD Continuation Chart Setups

Rising Triangle Continuation Pattern - Bitcoin Trading

The market formed an ascending triangle chart pattern during its upwards trend which led to an upside price continuation. The buy point is when the price clears the upper slanting line & the market continues heading upwards.

Falling Triangle Pattern

The descending triangle chart pattern is formed in a downtrend and it shows that downward direction of the market movement is going to continue. It shows that there is a support level that the sellers(bears) keep pushing every time moving it lower, & once this support zone breaks, the market will continue heading downwards.

The support area temporarily stops the bitcoin market from declining lower, while the descending sloping line above the descending chart pattern signals that sellers are still present. A down side penetration of the lower line is a technical sell signal for a market breaking downwards from a descending triangle pattern formation an indication that market selling will follow.

Found within a Bitcoin price downtrend, the descending triangle develops/forms as a consolidation phase within the downtrend and indicates downside continuation of price movement will follow.

Falling Triangle Bitcoin Continuation Pattern - Falling Triangle Bitcoin ==22==SetupPattern - BTCUSD Continuation Patterns

Falling Triangle Continuation Pattern - Bitcoin Trading

The Bitcoin market formed a descending triangle during its downtrend which led to further selling and a continuation of the downward trend. The technical sell trading signal is when the price breaks lower horizontal sloping line as the selling resumes to push the market lower.

Bull Pennant/Flag

This continuation Bull Flag pattern forms what looks like a rectangle. Rectangle is formed by 2 parallel lines that act as support and resistance for the price until the price breaks out. In general, the flag will not be formed perfectly flat but it will be formed sloping.

The bull flag pattern is found within a Bitcoin price upwards trend. In this continuation chart pattern the market price retraces slightly and this bull flag chart pattern can be considered as a slight retracement with narrow price action which has got a slight down-wards tilt. The technical buy point is when price penetrates the upper line of the bull flag. The flag portion has highs & lows which can be connected by small lines which are parallel, giving it what resembles a small channel.

The bull flag pennant pattern occurs at halfway point of a bullish upward trend & after a price breakout - a similar move equal to the height of the flag pole is expected.

Bull Flag Pennant Continuation Pattern - Bitcoin Trading

The bull pennant continuation pattern above was just a resting phase as the market gathered momentum to breakout & move higher. The continuation trade signal was completed when the upper line was broken to the up side.

Bear Flag/Pennant Pattern

This bear flag pattern is found in a Bitcoin price downwards trend. The bear flag pattern is a continuation chart pattern where the price retraces slightly with a narrow price action which has got a slight ==22==upwardsupward tilt. The technical sell point is when price penetrates the lower line of the inverted bear flag pattern. The pennant portion has highs and lows which can be joined by small lines which are parallel, giving it what resembles a small channel.

Bear Flag Pennant Pattern - Bitcoin Trading

The bear flag pennant pattern above was just a resting phase for the market before more selling. The bear flag continuation chart pattern signal was confirmed when the lower line was broken to the down side.

Learn More Tutorials:

Trade Bitcoin Trading

Continuation Patterns Bitcoin Patterns - Continuation Bitcoin Patterns

Rising Triangle Continuation Pattern

Falling Triangle Pattern

Bull Pennant/Flag

Bear Flag/Pennant Pattern