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Narcisse
Feb 25, 2018 7:13 PM

ETC Bearish trend Short

Ethereum Classic / DollarBitfinex

Description

Lots of bearish patterns on ETCUSD

Comment

As said in comments : There is no evening star, mistake from me.
It actually is bearish, CFork is validated.

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Bear trend is started.
We need to wait for a bullish CFork before we cut.

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ETCUSD 4h Consolidations :

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Update : consolidations


Have a look to daily candles - lower and lower every day instead the fork was validated.
Comments
scaramucci
The evening star has a gap between the first and the third candle, that's why it's called a star. As for the three black crows, if it does succeed (78%/79% of the time) the chances of the price tumbling to the height of the three candles before reversing is only 33%... and in this case, it seems to have failed. I do agree it's bearish maybe for the next couple days, but mostly for other reasons ^_^
Narcisse
@scaramucci, Thx for the information. You're right about the evening star.
Finn60
Where do you see this going?
Narcisse
@Finn60, I dont know, everyone giving answer about a target is playing with something he doesn't understand.
I just think, in my humble opinion, that it is bearish.
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