UnknownUnicorn3931771

UnknownUnicorn3931771

SHORT TERM TEST OF NEAR SUPPORT Even after implementing the hard fork, the price still looks to test the previous low support level. On the 4hours time frame, the price of ETHUSD has been spotted forming a bearish pennant flag pattern. Pennants are the workhorses of the day trader. They perform an invaluable service by marking the midway point in a move. Price...

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BTCUSD MARKET REVIEW Bitcoin continues to sustain a significant rise in transactions per day over the past few months and also being the only coin with transactions fees, that has experienced steadily increasing transactions per day since April 2018. The network hash rate has increased significantly since December 21st, indicating a substantial increase in mining...

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THE BULLISH HIDDEN DIVERGENCE Divergence occurs when an indicator trends in one direction and price trends in another direction. Specifically, an indicator will make lower highs while price makes higher peaks, or the indicator will make higher valleys even as price tumbles to new lows. Divergence is a reliable trading signal, but it's not timely, meaning that...

UnknownUnicorn3931771

THE BULLISH HIDDEN DIVERGENCE Divergence occurs when an indicator trends in one direction and price trends in another direction. Specifically, an indicator will make lower highs while price makes higher peaks, or the indicator will make higher valleys even as price tumbles to new lows. Divergence is a reliable trading signal, but it's not timely, meaning that...

UnknownUnicorn3931771

Flags appear as small rectangles usually tilted against the prevailing price trend and mounted at the end of a flagpole. If you don't have a straight-line (or a quick move) price run (the flagpole), then you don't have a flag. The best performing flags have a long, near vertical flagpole. Price trend can be any direction leading to the chart pattern. Shape looks...

UnknownUnicorn3931771

Flags appear as small rectangles usually tilted against the prevailing price trend and mounted at the end of a flagpole. If you don't have a straight-line (or a quick move) price run (the flagpole), then you don't have a flag. The best performing flags have a long, near vertical flagpole. Price trend can be any direction leading to the chart pattern. Shape looks...

UnknownUnicorn3931771

THE DESCENDING CHANNEL When price trends upward or downward and fits between two parallel trendlines, the chart pattern is called a channel. The price trend leading to the channel can be from any direction. The shape looks more like a pipe tilted up or down, but not horizontal. See rectangle tops or rectangle bottoms for horizontal channels. The two trendlines...

UnknownUnicorn3931771

ASCENDING TRIANGLE CHART PATTERN. On the lower time frame, price moves faster and pattern change form bearish to bullish. On the one hour time frame, the price chart of LTCUSD is showing a reversal chart pattern called the ASCENDING TRIANGLE CHART PATTERN. It has a horizontal resistance which price will likely breakout from and an ascending support trend line from...

UnknownUnicorn3931771

BEARISH PENNANT FLAG PATTERN TEST OF PREVIOUS LOWS Price breaking through the $4200 and stay above it was rejected and pushed to test some previous low support levels. The bearish pennant flag pattern has been spotted on the 45mins time frame, price currently consolidating inside the flag The volume has reduced as well(one thing to take note of) and price is...

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The Inverted Roof chart patter n This chart pattern look more like the roof of a building turned upside-down. Price trend leading to the chart pattern is down. The Shape has a horizontal or near horizontal top with a V-shaped bottom, making the entire structure look like the bottom half of a diamond. The best performing inverted roof chart patterns appear after...

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THE DOUBLE BOTTOM (adam&eve) and THE EDGE TO EDGE TRADE . Adam is a term that describes how the bottom looks, in this case, a narrow, pointed bottom, perhaps with a one-day downward spike. Eve bottoms are more rounded looking and wider. If they have spikes, they tend to be more numerous and shorter. Many times the difference between Adam and Eve is the width of...

UnknownUnicorn3931771

THE DOUBLE BOTTOM (adam&eve) and THE EDGE TO EDGE TRADE . Adam is a term that describes how the bottom looks, in this case, a narrow, pointed bottom, perhaps with a one-day downward spike. Eve bottoms are more rounded looking and wider. If they have spikes, they tend to be more numerous and shorter. Many times the difference between Adam and Eve is the width of...

UnknownUnicorn3931771

With the much awaited news, price is still consolidating inside the bullish flag pattern. NEWS: SAMSUMG PHONE NEWS Samsung's DJ Koh is now on stage where he will launch the rest of the new phones: the Galaxy S10, S10+ and S10e. Samsung to announce the built in hard ware of BTC SAMSUNG GALAXY S10. This might have a positive impact in BTCUSD PRICE. TA: As mentioned...

UnknownUnicorn3931771

Prices move and breakout has remained undecided in the past 7 hours. Yet to decide what possible breakout will be. LTCUSD has been spotted forming a descending triangle chart pattern at the top , with price currently at the horizontal support level and yet to breakout to the downside. The descending which has been a potential pattern for day trader and its...

UnknownUnicorn3931771

More upside to come The support and resistance levels are really holding tight forming a 4 pace count move. The price is always reversing right at the 0.786fib retracement level.This method is just a swing trading method that has to do with trading the breakout of any major move to the upside after breakout. The breakout price signals that price(body of the...

UnknownUnicorn3931771

More upside to come The support and resistance levels are really holding tight forming a 4 pace count move. The price is always reversing right at the 0.786fib retracement level.This method is just a swing trading method that has to do with trading the breakout of any major move to the upside after breakout. The breakout price signals that price(body of the...

UnknownUnicorn3931771

DESCENDING TRIANGLE CHART PATTERN TEST OF SOME LOW SUPPORT Descending Triangle (Continuation) The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns. Identifying...

UnknownUnicorn3931771

MORE PUSH TO THE UPSIDE THE ASCENDING TRIANGLE AND THE BULLISH HIDDEN DIVERGENCE. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they...