Technical Analysis of Continuation Bitcoin Chart Patterns
Continuation BTCUSD Chart Patterns
When these continuation bitcoin trading patterns are formed on the crypto charts they confirm that the current Bitcoin trend is going to continue moving in same direction.
These continuation bitcoin patterns are used by cryptocurrency traders to spot half way points of the bitcoin trend, this is because they form at the half way point of a cryptocurrency market trend.
There are four types of continuation bitcoin trading chart patterns:
- Ascending triangle continuation bitcoin trading pattern
- Descending triangle continuation bitcoin trading chart pattern
- Bull flag/pennant continuation bitcoin trading pattern
- Bear flag/pennant continuation bitcoin trading chart pattern
Ascending Triangle Continuation Bitcoin Chart Pattern
The ascending triangle cryptocurrency pattern is formed in an upwards bitcoin trend and it shows that upward cryptocurrency market direction of the market is going to continue.
Ascending triangle cryptocurrency pattern shows that there is a resistance level that the buyers keep pushing each time moving it higher, & once it breaks-out bitcoin price will continue moving in an upward cryptocurrency trend.
Overhead resistance temporarily prevents the btcusd trading market from advancing higher, while the rising bitcoin trend line beneath the ascending triangle cryptocurrency chart pattern signals that buyers are still present. An upside penetration of the upper line of the ascending triangle cryptocurrency chart pattern is a technical buy cryptocurrency signal for a market breaking out from an ascending triangle pattern.
Found within a Bitcoin Trading upwards trend, ascending triangle pattern forms as a consolidation period within up bitcoin trend & indicates upside continuation will follow.
How to Trade Ascending Triangle Cryptocurrency Pattern - Ascending Triangle Continuation Bitcoin Chart Pattern
The market formed an ascending triangle pattern during its upward cryptocurrency trading market trend which led to up-side continuation.
The buy cryptocurrency signal point is when bitcoin price clears the upper sloping line of the ascending triangle cryptocurrency pattern and the btcusd market continues heading upward.
Descending Triangle Continuation Bitcoin Chart Pattern
The descending triangle cryptocurrency pattern is formed in a downwards bitcoin trend and it shows that downward direction of bitcoin price movement is going to continue.
Descending triangle cryptocurrency chart pattern shows that there is a support level that the sellers keep pushing each time moving it lower, and once it breaks bitcoin price will continue moving in a downwards bitcoin trend direction.
The support temporarily prevents the btcusd trading market from declining, while the descending sloping line above the descending triangle cryptocurrency chart pattern signals that sellers are still present. A downside penetration of the lower line of the descending triangle pattern is a technical sell cryptocurrency signal for a market breaking down from a descending triangle pattern, and it indicates selling will follow.
Found within a Bitcoin Trading downwards trend, descending triangle pattern forms as a consolidation period within downward bitcoin trend & indicates downside continuation will follow.
How to Trade Descending Triangle Bitcoin Pattern - Descending Triangle Continuation Bitcoin Chart Pattern
Market formed a descending triangle cryptocurrency chart pattern during its downward bitcoin trend which led to further selling & continuation of the downward cryptocurrency trend.
The technical sell cryptocurrency signal is when bitcoin price breaks-out the lower horizontal sloping line of the descending triangle cryptocurrency pattern as selling resumes to push the btcusd trading market lower.
Bull Flag Continuation Bitcoin Chart Pattern
Bull flag cryptocurrency pattern forms what looks like a rectangle. Rectangle is formed by 2 parallel lines that act as support and resistance for the bitcoin price until the bitcoin price breaks-out. In general, the flag will not be formed perfectly flat but it will be formed sloping.
The bull flag cryptocurrency pattern is found within a Bitcoin upwards trend. In this continuation cryptocurrency chart pattern where the btcusd market retraces slightly, it is therefore a slight retracement with narrow bitcoin price action which has a slight downwards tilt.
The technical buy cryptocurrency signal is when bitcoin price penetrates the upper line of the Bull flag pattern. The flag portion has highs and lows which can be connected by small lines which are parallel, giving it what looks like a small channel.
Bull flag cryptocurrency pattern occurs at halfway point of a bullish upwards cryptocurrency trading market trend & after a break-out a similar move equivalent to the height of the flagpole is expected.
How to Trade Bull Flag Bitcoin Pattern - Bull Flag Continuation Bitcoin Chart Pattern
The Bull flag cryptocurrency pattern above was just a resting period as the btcusd trading market gathered strength to break out & move higher.
The Bull flag cryptocurrency chart pattern continuation cryptocurrency trading signal was confirmed as the upper line of the Bull flag bitcoin pattern was broken to the upside.
Bear Flag Continuation Bitcoin Chart Pattern
Bear flag cryptocurrency pattern flag is found in a Bitcoin downwards trend.
The Bear flag cryptocurrency pattern is a continuation cryptocurrency chart pattern where the bitcoin price retraces slightly with a narrow bitcoin price action which has a slight upward sloping tilt.
The technical sell cryptocurrency signal is when bitcoin price penetrates the lower line of the inverted flag. The flag portion has highs and lows which can be connected by small lines which are parallel, giving it what looks like a small channel.
How to Trade Bear Flag Bitcoin Pattern - Bear Flag Continuation Bitcoin Chart Pattern
The Bear flag cryptocurrency pattern above was just a resting period for the btcusd trading market prior to more selling.
The Bear flag cryptocurrency pattern continuation signal was confirmed as the lower line of the Bear flag bitcoin pattern was broken to the down-side.
