Trading Bitcoin Interpret Continuation BTC USD Pattern Setups
Bitcoin Trade Continuation Bitcoin Patterns
When bitcoin continuation cryptocurrency setups are formed on the btcusd charts they confirm that the current bitcoin trend direction is going to continue.
Continuation cryptocurrency chart patterns are used by cryptocurrency traders to figure out the halfway point of the bitcoin trend - this is because these bitcoin continuation cryptocurrency chart patterns form at the halfway point of a market trend.
There are four different types of bitcoin continuation bitcoin patterns:
- Rising triangle Continuation Bitcoin Chart Setup
- Falling triangle Continuation Bitcoin Chart Setup
- Bull flag Continuation Bitcoin Chart Setup
- Bear flag Continuation Bitcoin Chart Setup
Trading Bitcoin Analyze Continuation BTC USD Setups
The ascending triangle cryptocurrency chart pattern is formed in an upwards bitcoin trend - it shows that the upwards bitcoin trend direction is going to continue.
Rising triangle cryptocurrency chart pattern forms as a consolidation period within the bitcoin upward trend and signals upside bitcoin trend continuation.
Interpret Continuation Bitcoin Patterns? - How Do I Read Continuation Bitcoin Chart Setup Setups?
The bitcoin price formed an ascending triangle cryptocurrency chart pattern during its upwards bitcoin trend which led to upside continuation of the upward cryptocurrency trend.
The buy cryptocurrency signal is generated when bitcoin price moves above the upper sloping line of the ascending triangle bitcoin pattern setup.
Trading BTCUSD Interpret Continuation BTCUSD CryptoCurrency Patterns
The descending triangle cryptocurrency chart pattern is formed in a downwards bitcoin trend & it shows that the downward bitcoin trend movement is going to continue.
The descending triangle cryptocurrency chart pattern forms as a consolidation period within the downwards bitcoin trend and signals downside continuation of the downward bitcoin trend will follow.
Trading Interpret Continuation Patterns? - How Do I Read Continuation Chart Setup Setups
The bitcoin price formed a descending triangle cryptocurrency pattern during its downwards bitcoin trend which led to a continuation of the downward cryptocurrency trend.
The sell cryptocurrency signal is generated when bitcoin price breaks out the lower horizontal sloping line of the descending triangle bitcoin pattern.
Trading BTCUSD CryptoCurrency Interpret Continuation BTC USD Crypto Setups
Bull flag chart pattern forms what resembles a rectangle - formed by two parallel lines that act as support & resistance for the bitcoin price until the bitcoin price breaksout. In general, the bull flag chart pattern won't be perfectly flat but it will be sloping.
Bull flag chart pattern occurs at halfway point of an upward bitcoin trend & after a bitcoin price breakout a similar move equivalent to the height of the flagpole is expected.
How Do You Analyze Continuation Chart Setup Setups
The Bull flag pattern shown above was just a resting period as the bitcoin trend which then gathered force to breakout and move higher.
The Bull flag chart pattern continuation cryptocurrency signal was confirmed as upper line of the Bull flag bitcoin chart pattern was broken to the upside.
Trading BTCUSD Interpret Continuation BTC USD Crypto Patterns
Bear flag chart pattern flag is formed in a btcusd downward trend.
The Bear flag chart pattern is a bitcoin continuation cryptocurrency chart pattern where the bitcoin price retraces slightly with a narrow bitcoin price action that has got a slight tilt upwards.
How Do I Analyze Continuation Pattern Setups
The Bear flag chart pattern shown above was just a resting period for the bitcoin price prior to resuming the downward cryptocurrency trend.
The Bear flag chart pattern bitcoin continuation signal was confirmed as the lower line of the Bear flag bitcoin pattern was broken to the downside.
Interpret Continuation Crypto Currency Setup Setups
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