All patterns

Cygnus-69 › BTCUSD (Bitcoin / US Dollar) · 1h

Ascending Triangle

Breakout confirmedBullish
Quality81%

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Draw it on TradingView

No bar counting. Copy the Pine Script and paste it into TradingView; the pattern, breakout, target and invalidation lines are drawn on exactly these candles.

  1. 1.Copy the script and open the chart on TradingView.
  2. 2.Open the Pine Editor at the bottom, clear it and paste.
  3. 3.Click "Add to chart"; the drawings appear.

Swing points

PointCandle open (UTC)UTCBar #Price
H1Oct 30, 03:00 PMOct 30, 03:00 PM078,110.0
L2Oct 30, 06:00 PMOct 30, 06:00 PM376,326.0
H3Nov 1, 08:00 AMNov 1, 08:00 AM4178,285.0
L4Nov 1, 12:00 PMNov 1, 12:00 PM4577,749.1
H5Nov 1, 05:00 PMNov 1, 05:00 PM5078,172.7
BRKNov 1, 11:00 PMNov 1, 11:00 PM78,245.2

Bar #: candles counted from the pattern's first point. Times are candle open times.

Lines

  • ResistanceOct 30, 03:00 PM · 78,123.0 → Nov 1, 10:00 PM · 78,243.1
  • SupportOct 30, 03:00 PM · 76,224.3 → Nov 1, 10:00 PM · 78,087.9

This pattern's track record

On the 1h chart

51%

Target reached after breakout

Breakout rate
57%
Reached half the target
67%
Average time to target
4 days
Cases
144 resolved cases

All timeframes

51%

Target reached after breakout

Breakout rate
64%
Reached half the target
65%
Average time to target
19 days
Cases
608 resolved cases

What is this pattern?

Highs stay level while lows rise. A close above resistance targets the triangle's starting height higher.

A close below the last low invalidates the pattern.

This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.

BTCUSD 1h Ascending Triangle | IndicatorScan