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Bitcoin (BTC/USD) Bull pennant 1 hour

Bitcoin (BTC/USD) 1 hourConfirmed Oct 28, 12:00 UTC+8
BaseTopPullbackConfirmedTarget 81,616.2Target 1 81,317.8Confirm 81,019.480,766.4Invalid 80,415.9━ MA20 + Bollinger Bands ━ MA50 1 hour70503057.62━ RSI ━ 9MA0223.50━ MACD ━ MACD Signal10/27 09:0010/27 15:0010/27 21:0010/28 03:0010/28 09:0010/28 15:00
BaseTopPullbackConfirmedTarget81,616.2Target1 81,317.8Confirm81,019.480,766.4Invalid80,415.9━ MA20 ━ MA5070503057.62━ RSI ━ 9MA0223.50━ MACD ━ MACD Signal27 15:0028 01:0028 11:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Bull pennant: Active

Target81,616.2
First target81,317.8
Confirmation81,019.4
Invalid at80,415.9

Last 80,765.4, 0% of the way to target (target is 0.74% from confirmation).


Timeframe1 hour
ConfirmedOct 28, 12:00
Duration3.2 h
Reward / risk0.99

What this tells you

A sharp rise followed by a small converging triangle; an upside break usually continues the rally.

Check it on the live chart

← All chart patterns · Other patterns for this market · Key levels and research for this market · How to read patterns

Swing points

PointTime UTC+8Price
Pole baseOct 27, 18:0079,362.4
Pole topOct 28, 05:0081,171.0
Pullback lowOct 28, 09:0080,493.4
ConfirmationOct 28, 12:0081,019.4

Recently closed Bull pennant patterns: 9 in total, 6 reached the target first (67%), 3 were invalidated and 0 expired (small sample). Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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