Technical Analysis of the 4 Continuation Cryptocurrency Chart Patterns
When these continuation bitcoin 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 identify 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 technical analysis for continuation bitcoin trading chart patterns:
- Ascending triangle Continuation Bitcoin Chart Pattern Technical Analysis
- Descending triangle Continuation Bitcoin Chart Pattern Technical Analysis
- Bull flag Continuation Bitcoin Chart Pattern Technical Analysis
- Bear flag Continuation Bitcoin Chart Pattern Technical Analysis
Bitcoin Trading Analysis
The ascending triangle cryptocurrency pattern is formed in an upward bitcoin trend and it shows that upward cryptocurrency market direction of the market is going to continue.
Found within a Bitcoin Trading upwards trend, ascending triangle pattern forms as a consolidation period within up bitcoin trend and indicates upside continuation will follow.
How to Analyze Ascending Triangle Cryptocurrency Pattern - Ascending Triangle Continuation Bitcoin Chart Pattern Technical Analysis
The market formed an ascending triangle pattern during its upward cryptocurrency trading market trend which led to upside continuation.
The buy cryptocurrency signal point is when bitcoin trading price clears the upper sloping line of the ascending triangle cryptocurrency chart pattern & the btcusd market continues heading upwards.
BTCUSD Trading Analysis
The descending triangle cryptocurrency pattern is formed in a downward bitcoin trend & it shows that the downwards 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 & indicates downside continuation will follow.
How to Analyze Descending Triangle Crypto Pattern - Descending Triangle Continuation Bitcoin Chart Pattern Technical Analysis
Market formed a descending triangle cryptocurrency pattern during its downward bitcoin trend which led to further selling & continuation of the downwards cryptocurrency trend.
The technical sell cryptocurrency signal is when bitcoin trading price breaks-out the lower horizontal sloping line of the descending triangle cryptocurrency chart pattern as selling resumes to push the btcusd trading market lower.
Bitcoin Trading Analysis
Bull flag cryptocurrency pattern forms what looks like a rectangle. Rectangle is formed by 2 parallel lines that act as support & resistance for the bitcoin trading price until 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 equivalent to the height of the flagpole is expected.
How to Analyze Bull Flag Crypto Pattern - Bull Flag Continuation Bitcoin Chart Pattern Technical Analysis
The Bull flag cryptocurrency chart 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 upper line of the Bull flag bitcoin trading pattern was broken to the upside.
BTCUSD Trading Analysis
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 trading price retraces slightly with a narrow bitcoin trading price action that has a slight upward tilt.
How to Analyze Bear Flag Crypto Pattern - Bear Flag Continuation Bitcoin Chart Pattern Technical 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 bitcoin trading pattern was broken to the down-side.
