Technical Analysis of the 4 Continuation Patterns
When these continuation bitcoin patterns are formed on the crypto charts they confirm that the present Bitcoin trend is going to continue moving in same direction.
The continuation bitcoin patterns are used by traders to identify half way points of the btcusd crypto trend, this is because they form at the halfway point of a trend.
There are four types of analysis for continuation bitcoin trading chart patterns:
- Rising triangle Continuation Bitcoin Chart Pattern Setup Analysis
- Falling triangle Continuation Bitcoin Setup Analysis
- Bull flag Continuation Bitcoin Chart Pattern Setup Analysis
- Bear flag Continuation Bitcoin Setup Analysis
Bitcoin Analysis
The ascending triangle cryptocurrency pattern is formed in an upward bitcoin trend & it shows that upward market move direction of the market is going to continue.
Found within a Crypto Trading upwards trend, ascending triangle pattern forms as a consolidation period within up bitcoin trend & reflects up-side continuation will follow.
How Do I Analyze Ascending Triangle Pattern - Rising Triangle Continuation Bitcoin Chart Pattern Setup Analysis
The market developed formed an ascending triangle pattern during its upwards cryptocurrency trading market trend which led to upside continuation.
The buy cryptocurrency signal point is when bitcoin trading price clears the upper slanting line of the ascending triangle chart pattern & the btcusd market continues heading upwards.
Bitcoin Analysis
The descending triangle cryptocurrency pattern is formed in a downwards bitcoin trend and it highlights that the down-ward direction of bitcoin trading price movement is going to continue.
Found within a Bitcoin Trading downwards trend, descending triangle pattern forms as a consolidation period within downward bitcoin trend & shows downside continuation will follow.
How Do I Analyze Descending Triangle Crypto Pattern - Falling Triangle Continuation Bitcoin Setup Analysis
Market formed a descending triangle cryptocurrency pattern during its downwards bitcoin trend which led to further selling & continuation of the down-wards trend.
The technical sell cryptocurrency signal is when bitcoin trading price breaks out lower horizontal sloping line of the descending triangle chart pattern as selling resumes to push the btcusd trading market lower.
Bitcoin Crypto Currency Trading Analysis
Bull flag crypto setup forms what looks like a rectangle. Rectangle is formed by 2 parallel lines that act as support & resistance for the bitcoin trading price til the bitcoin price breaks out. In general, the flag will not be formed perfectly flat but it will be formed sloping.
Bull flag cryptocurrency chart pattern occurs at halfway point of a bullish upwards cryptocurrency trading market trend & after a break out a similar move equal to the height of the flag-pole is expected.
How Do I Analyze Bull Flag Pattern - Bull Flag Continuation Bitcoin Setup Analysis
The Bull flag cryptocurrency chart pattern above was just a resting period as the btcusd market gathered strength to break out and move higher.
The Bull flag crypto chart pattern continuation trading signal was confirmed as upper line of the Bull flag bitcoin trading pattern was broken to the upside.
BTC/USD Crypto Analysis
Bear flag cryptocurrency pattern flag is found in a Bitcoin downwards trend.
The Bear flag cryptocurrency pattern setup is a continuation chart pattern where the bitcoin trading price retraces slightly/a little with a narrow bitcoin trading price action that has got a modest up-ward tilt.
How Do I Analyze Bear Flag Pattern - Bear Flag Continuation Bitcoin Chart Pattern Setup Analysis
The Bear flag cryptocurrency chart pattern above was just a resting period for the btcusd market prior to more selling.
The Bear flag cryptocurrency pattern continuation signal was confirmed as lower line of the Bear flag btcusd pattern was broken to the down-side.
Learn More Lessons & Courses:
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