UnknownUnicorn3931771

UnknownUnicorn3931771

MORE PUSH UP 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 price usually...

UnknownUnicorn3931771

THE INVERTED HEAD AND SHOULDERS CHART PATTERN ( spotted on the 3hours time frame) Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise. Price trend downward leading to the pattern, the pattern should look like an inverted person's head and shoulders, proportional, and not lopsided. The two shoulders should...

UnknownUnicorn3931771

THE INVERTED HEAD AND SHOULDERS CHART PATTERN ( spotted on the 3hours time frame) Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise. Price trend downward leading to the pattern, the pattern should look like an inverted person's head and shoulders, proportional, and not lopsided. The two shoulders should...

UnknownUnicorn3931771

Today making it the 5th day price is yet to decide on what direction it is heading to, has gradually formed a pennant flag pattern. This flag is practically a bit away from the pole. The flag as clearly shown above has two different touches at the resistance and on the support level with more rejection wick to the upside. Moves becomes more valid only when price...

UnknownUnicorn3931771

Today making it the 5th day price is yet to decide on what direction it is heading to, has gradually formed a pennant flag pattern. This flag is practically a bit away from the pole. The flag as clearly shown above has two different touches at the resistance and on the support level with more rejection wick to the upside. Moves becomes more valid only when price...

UnknownUnicorn3931771

THE KIJUN BOUNCE On the 4hours time frame, a reversal candle stick spotted at the top which initiated the current drop and to test the KIJUN(EMA). More to this is the BEARISH DIV( PRICE making higher-highs and the Oscilator(RSI) making a Lower-low). The Kijun is essentially the mean of any given trend. Ichimoku Cloud prefers everything to remain in equilibrium....

UnknownUnicorn3931771

THE KIJUN BOUNCE On the 4hours time frame, a reversal candle stick spotted at the top which initiated the current drop and to test the KIJUN(EMA). More to this is the BEARISH DIV( PRICE making higher-highs and the Oscilator(RSI) making a Lower-low). The Kijun is essentially the mean of any given trend. Ichimoku Cloud prefers everything to remain in equilibrium....

UnknownUnicorn3931771

A quick move up with some potential resistance and support levels being respected. Price testing the 0.30810usd, and pushing back down to form an ascending triangle chart pattern. These levels above are the move and consolidation area which will likely be testing while price moves up. For a short trade set up the probability of moving will only be ascertained only...

UnknownUnicorn3931771

SHORT MOVE UP The small bullish pennant flag pattern which has always played out well and the most used pattern for short profit for trade, has been spotted on the 30mins time frame on LTCUSD. The breakout has just happened but a bit below the a near resistance, a breakout from the resistance would initiate the move up to test previous high levels. The flag which...

UnknownUnicorn3931771

The Descending Broadening Wedge Descending broadening wedges are mid list performers, found most often with upward breakouts in a bull market. Downward breakouts are rare. As with other broadening patterns, partial rises and declines predict the breakout direction. Partial declines work particularly well, but are difficult to distinguish from the pauses that...

UnknownUnicorn3931771

Mid term price rise to near previous resistance. THE BULLISH PENNANT FLAG PATTERN 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 most important part is the break out which has...

UnknownUnicorn3931771

More bullish push up coming in and BTC holding tights to its support levels. In the mid-term price is slightly bullish. THE BULLISH FLAG PATTERN The bullish flag pattern is different from the bullish pennant flag pattern because of the shape of the flag on the pole. Flags appear as small rectangles usually tilted against the prevailing price trend and mounted at...

UnknownUnicorn3931771

THE BEARISH PENNANT FLAG PATTERN Bearish pennants are continuation patterns that mark a pause in the movement of a price halfway through a strong downtrend, offering you an opportunity to go short. They occur just after a sharp drop in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows. The downtrend...

UnknownUnicorn3931771

The support and resistance are holding tight on the 30mins time frame forming a rectangle bottom. price trends downward leading to the chart pattern. Prices have flat tops and flat bottoms, crossing the pattern from side to side following two parallel trendlines. Two horizontal trendlines bound price action. Price should touch one trendline at least three time...

UnknownUnicorn3931771

THE DESCENDING CHANNEL A descending channel is used in technical analysis to show a downward trend in a price series. It is formed from two negative sloping trendlines drawn above and below a price series. The price trend leading to the channel can be from any direction. The two trendlines should be parallel or nearly so. Both should tilt downward. Price should...

UnknownUnicorn3931771

Still the same chart set up as ETHUSD, the only difference between this chart and ETHUSD chart are the rejection wicks on this BTCUSD which shows that price was rejected based on different move to break the resistance and support. In an ascending triangle , the resistance line runs parallel while the support line is rising. To avoid false breakouts, we again...

UnknownUnicorn3931771

The ascending triangle is a mediocre performer despite its reputation as a reliable chart pattern. Price trend can be any direction leading to the chart pattern. Shape looks more triangular. Prices move between two converging trendlines. In an ascending triangle, the resistance line runs parallel while the support line is rising. To avoid false breakouts, we...

UnknownUnicorn3931771

TECHNICAL ANALYSIS: Today being the 415th day bitcoin price has dropped from its ATH to its current price, comparing it with the previous bear market which lasted for 412days from am ATH(all-time-high) of $1148 and a low of $152. Criticism of these two different bear market move is the RANDOM WALK THEORY: "The theory states that the past movement or direction of...