UnknownUnicorn3931771

UnknownUnicorn3931771

Despite the market indecisive performance in the past week, price still remains bearish. The price of LTCUSD is not affected by this weak move in the market. On the one day time frame, LTCUSD price chart has been spotted currently consolidating inside a bullish pennant flag pattern. The most reliable chart pattern most traders love to trade if spotted(Pennants...

UnknownUnicorn3931771

A complex head-and-shoulders bottom is a chart pattern that looks like an inverted head-and-shoulders but with multiple heads, multiple shoulders, or sometimes both. The break even failure rate is low and the performance is good from this chart pattern. Price trend downward leading to the pattern. Shape looks more like a head-and-shoulders bottom with multiple...

UnknownUnicorn3931771

The downside continues as more and more bear flag pattern shows up. THE BEARISH 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 best performing flags have a long, near...

UnknownUnicorn3931771

Looking at BTCUSD chart on a higher time frame(daily time frame). A huge bearish pennant flag pattern spotted on the one day time frame, A bullish/bearish pennant is almost identical to a symmetrical triangle(looking at the flag itself), for a proper breakout to valid , we wait until three valleys are formed( currently at the second valley support). The pole of...

UnknownUnicorn3931771

THE BULLISH GARTLEY The Gartley pattern is complex because it deals with Fibonacci ratios. XA - Price rises from X to peak at A. This is typically a large upward move to accommodate the retraces that follow. AB - Price retraces from the peak A to valley B about 61.8% of the XA move. BC - After bottoming at B, price climbs to C. The BC move retraces 61.8% or 78.6%...

UnknownUnicorn3931771

THE ASCENDING TRIANGLE CHART PATTERN 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 is triangular. Prices move between two converging trendlines. Two trendlines bound prices; the top trendline is horizontal and the bottom one slopes...

UnknownUnicorn3931771

Eight days of price consolidating with out making a move to the upside. This consolidation which lasted for eight days formed a chart pattern called THE DESCENDING TRIANGLE CHART PATTERN. This chart pattern has been spotted on 4hours time frame on both pairs(ETHH19 & ETHUSD) Price trend can be any direction leading to the pattern. In a descending triangle, the...

UnknownUnicorn3931771

The right-angled and descending broadening chart pattern beats by one percentage point the performance of right-angled ascending broadening pattern in a bull market, but more difficult to spot in the bear market and performs better in the bear market. The break even failure rate is high, though, at 20%. Price trend can be up or down leading to the pattern. The...

UnknownUnicorn3931771

Using the ichimoku metrics for doubled cloud settings (20,60,120,30). The set up is still bearish but with a slight bullish(weak) TK cross below the cloud(red cloud). The first TK crossing below the cloud since November 3rd 2018. This crossing goes along with the BULLISH DIVERGENCE. Bullish divergence occurs when price makes a lower low but the indicator forms...

UnknownUnicorn3931771

THE BOTTOM HEAD&SHOULDERS 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 Shape looks like a 3-valley pattern with the middle valley below the others. The pattern should look like an inverted person's head and shoulders, proportional, and not lopsided. The two...

UnknownUnicorn3931771

The bear trends continues after some days of bullish move. On the 3hours time frame, price has been spotted forming a bearish pattern chart pattern with tight flag price formation. When trading the pennant flag pattern(bullish or bearish), A tight pennant performs better than a loose one. The flag looks more like a short symmetrical triangle and volume profile...

UnknownUnicorn3931771

Today 9th of January 2019 being the 14th day of price consolidating inside the symmetrical triangle chart pattern. Symmetrical triangles, sometimes called coils, are a popular chart pattern because they appear often and perform reasonably well . A symmetrical triangle has two merging trend lines. For this formation, at least two peaks and two valleys are...

UnknownUnicorn3931771

RETEST OF THE NECKLINE moving forward, price is currently retesting the neckline. The retest of the head and shoulders has a 20% probability, which has currently happened the targets on the price labels on the chart are still valid. More and more inverted head&shoulders are still in play on some coins. The use of Ichimoku cloud metric on the daily time frame...

UnknownUnicorn3931771

Price movement is mixed as the date of the hardfork draws near. To analysis the possible price trend the following will be used: chart pattern and ichimoku cloud metrics. CHART PATTERN: On the 4hours time frame, a chart pattern has been spotted which indicate that price will likely move down to test some low price support. The rising wedge chart pattern, The wedge...

UnknownUnicorn3931771

With an impending Hardfork coming up on the 16th of January 2019, price will likely move higher breaking the current resistance. "#Ethereum Constantinople mainnet hard fork scheduled for block #7080000, estimated around the 16th of January, 2019!" With the above date in mind, a lot of expectation of price target in the coming week. On the 45mins time frame, price...

UnknownUnicorn3931771

BULLISH 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 best performing flags have a long, near vertical flagpole. Price trend can be any direction leading to the chart...

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. The shape...

UnknownUnicorn3931771

The Complex Head-and-Shoulders Bottom The new year started with the range bounces of price , not dropping and not moving higher but consolidating and complete the remaining right shoulder. On the daily time frame, price has gradually formed a chart pattern called the COMPLEX HEAD&SHOULDER BOTTOM chart pattern. A complex head-and-shoulders bottom is a chart...