Trade Bitcoin Trading

Continuation BTCUSD Patterns

When these continuation bitcoin chart patterns are formed they confirm that the current bitcoin trend is going to continue moving in same direction.

These patterns are used by cryptocurrency traders to identify half way points of the trend, this is because they form at the half way point of a trend.

There are 4 types:

  • Ascending triangle
  • Descending triangle
  • Bull flag/pennant
  • Bear flag/pennant

Ascending Triangle

The ascending triangle is formed in an up bitcoin trend and it shows that the upward direction of the market is going to continue.

It shows that there is a resistance area that the buyers keep pushing each time moving it higher, and once it breaks bitcoin price will continue heading upwards.

Overhead resistance temporarily prevents the bitcoin crypto market from moving higher, while the ascending btcusd crypto trend line beneath the setup signals that buyers are still present. An upside penetration of the upper line is a technical buy cryptocurrency signal for a market breaking out from an ascending triangle.

Found within a Bitcoin upward bitcoin crypto currency trend, the ascending triangle forms as a consolidation period within the up bitcoin trend and indicates upside continuation will follow.

Rising Triangle Bitcoin Chart Setup Bitcoin Trading

The market formed an ascending triangle during its up bitcoin trend which led to up side continuation. Buy point is when btcusd crypto price clears the upper sloping line & the btcusd cryptocurrency market continues heading upwards.

Descending Triangle

The descending triangle is formed in a down bitcoin trend & it displays that the down-ward direction of bitcoin price movement is going to continue.

It shows that there is a support zone that the sellers keep pushing each time moving it lower, and once it breaks btcusd crypto price will continue to move downward.

The support temporarily prevents the btcusd market from declining, while the descending sloping line above the setup signals that the sellers are still present. A down-side penetration of the lower line is a technical sell cryptocurrency signal for a market breaking down from a descending triangle, and it indicates selling will follow.

Found within a downward bitcoin crypto currency trend, the descending triangle pattern develops as a consolidation phase within the down bitcoin trend & indicates downside continuation will follow.

Falling Triangle Continuation Bitcoin Chart Setup Trade - How to Analyze Falling Wedge Bitcoin Chart Pattern

Market formed a descending triangle during its down bitcoin trend which led to further selling and continuation of the down-wards cryptocurrency trend. The technical sell cryptocurrency signal is when bitcoin price breaks-out lower horizontal sloping line as selling resumes to push the btcusd market lower.

Bull Flag/Pennant

This bitcoin pattern forms what looks like a rectangle. The rectangle is formed by two 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 is found within a Bitcoin upward cryptocurrency trend. In this continuation pattern where the btcusd market pulls back slightly, it is therefore a slight retracement with narrow bitcoin price action that has a slight down-ward tilt. The technical buy point is when bitcoin price penetrates the upper line of the flag. The flag portion has highs and lows which can be joined by small lines which are parallel, giving it what resembles a small channel.

The pennant occurs at halfway point of a bullish upward bitcoin trend & after a break out a similar move equal to the height of the flag-pole is expected.

Bull Flag Continuation Bitcoin Chart Pattern Bitcoin Trading

The bull pennant above was just a resting period as the btcusd market gathered strength to break out and move higher. The continuation signal was confirmed as a upper line was broken to the upside.

Bear Flag/Pennant

This flag is found in a Bitcoin downward cryptocurrency trend. The bear flag is a continuation pattern where the bitcoin price retraces slightly with a narrow bitcoin price action that has a slight up-ward tilt. The technical sell point is when bitcoin price penetrates the lower line of the inverted flag. The pennant portion has highs & lows which can be connected by small lines which are parallel, giving it what resembles a small channel.

Bear Flag Continuation Bitcoin Chart Pattern Bitcoin Trading

The bear pennant above was just a resting period for the btcusd market before more selling. Continuation signal was confirmed as the lower line was broken to the down-side.

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