To Successfully Trade You Should Understand - Chart Patterns
Chart Patterns are well documented and studied in the financial markets. Chart patterns are the interpretation of the shifts between buyers and seller and these shifts in price form specific patterns. We can apply these patterns to our trading.
Patterns include Triangles, Flags, Pennants, Head & Shoulders, Cup & Saucer. When these patterns exhibit themselves traders have a set of rules they follow to get a heads up about changes in trends, entry points for trades, as well as stop loss placement and target prices.
Combining Chart Patters with volume and support and resistance can give you a good filter system to find the most opportune trades in the markets.
Chart patterns work for bitcoin and cryptocurrency, as well as forex, stocks and commodities.