Cryptocurrency

Understanding Chart Patterns for Online Trading



Chart Patterns are well established in forex and CFD trading and work as well for cryptocurrency investing. There are numerous chart patterns and lots of gimmicks in the market but the old well established one have specific rules that make them successful and easy to apply and trade.

There are numerous types of patterns, all named according to the shapes that the price graphs form between the support and resistance lines. The general types of patterns include Triangles, Channels, Wedges, and Head-and-Shoulders.

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47 Comments

  3. michael sumner

    A channel pattern moving up is good. Until, it breaks back down and forms the head and shoulders pattern. That is bad.
    This just shows me again that TA means nothing.

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  8. Temporary Name

    So rather than using technical indicators (RSI and MACD) to increase the odds of correctly guessing whether the stock will move up or down next at each point of contention you use triangles to confirm if the price break is true and ride the waves?

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    Investing in bitcoin is the best investment anyone can do this, because it has made a lot of people millionaire. I pray that anyone who reads this will be successful in life

  18. Hassan AG

    Hi, one very important question. What about if someone chooses the wrong start of the pattern? Example: I start from the middle of a triangle pattern, so this means the its base is wrong and the intersection point (or the angle as you call it) of the two sides will not be correct.

  19. Tim Hladik Jr.

    you didnt explain the basics well …that you always want to draw your trendline from the bottom on an uptrend, and the top on a downtrend. That would make a lot of this make a lot more sense to a beginner. I wish someone had explained this to me as lesson 1 in triangles.

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