Some chart patterns that can help you to trade Bitcoin and cryptocurrencies

By Arvydas77 | passivecrypto | 20 Aug 2019


Some say that technical analysis doesn't work in crypto but professional traders use them to make consistent profits. I would like to share with you the most important chart patterns indicating upwards or downwards movement. These types of charts are proved in stock market trading but can be applied in crypto as well.

 

1. Pennant

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2. Cup And Handle

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3. Ascending Triangle

351665157-57df97ab2e3dd82d0ccd8dc555f5c58c227aa011184c1e9d6e30cd538b7dad2a.png

4. Triple Bottom

351665157-f64d847cfe244d38e2bae0136ff1a8ff68015f666011fb9ca9568e3972bbee88.png

5. Descending Triangle

351665157-f598f1bdcbf3aff96ec0e5ecdfe8584996e4fc94331d0c40eb69c9ab14c84f1d.png

6. Inverse Head And Shoulders

351665157-f4016b44bb29d7d0c3bb1db31f4de3436c17fd2084918c8b79ab90d87be6ebc9.png

7. Bullish Symmetric Triangle

351665157-02cfe06cce5218ea78d58de5e87ed0ff8928d1d23f3e000538de3e1e6aa31a5d.png

8. Rounding Bottom

351665157-6c8984e28b1bf7d1b76b0bc1a5bedafa1897b45078e951eb51db22643f9a6911.png

9. Flag Continuation

351665157-192da2e22b49f5173e4f6aacc2057772095594bd8b59ed8de03cf6c326e28da3.png

10. Double Top

351665157-d6dce58e57035b9c603469bbaaed3ac23fe793601623f4fb57f79fa1d5becdf5.png

11. Bearish Symmetric Triangle

351665157-b964329a359ec0532b9b5d06893632e4d45cdb1749875faf4af605a37735308b.png

12. Falling Wedge

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13. Head And Shoulders Top

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Resource: https://optionalpha.com/13-stock-chart-patterns-that-you-cant-afford-to-forget-10585.html

 

To your profit!

 

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Arvydas77
Arvydas77

Crypto maniac since 2016


passivecrypto
passivecrypto

I share ideas how to earn your first cryptocurrency without purchasing it. I'm especially interested in passive income which can generate income while you sleep.

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