Bitcoin Charts Analysis of Bitcoin Chart Pattern Setups
Bitcoin Chart Patterns - Bitcoin Analysis Chart Patterns Bitcoin StrategiesCryptocurrency patterns are graphical representations of repeating bitcoin price action patterns that are commonly used in the btcusd market.
Bitcoin Chart Patterns is one of the studies used in analysis to help bitcoin traders learn how to identify these repeating Chart Patterns formations.
These Chart Patterns are important in bitcoin trading because when the btcusd market isn't heading in a particular direction it is forming a chart pattern. It is important to know these Chart Patterns patterns so as to have an idea of what might be the next move in the btcusd market.
When bitcoin price movements are drawn there are several Chart Patterns patterns that occur naturally and repeat themselves over and over again. These Chart Patterns patterns are used by a lot of trading technical traders to predict the next market move.
Traders often study these Chart Patterns patterns to measure supply and demand forces that form the basis for bitcoin price fluctuations.
These Cryptocurrency Setups are classified in to Three different categories:
1. Reversal Bitcoin Chart Pattern Setups
- Double tops Bitcoin Chart Pattern Setups
- Double bottom Bitcoin Chart Pattern Setups
- Head and shoulders Bitcoin Chart Pattern Setups
- Reverse head and shoulders Bitcoin Chart Pattern Setups
2. Continuation Bitcoin Chart Pattern Setups
- Ascending triangle Bitcoin Chart Pattern Setups
- Descending triangle Bitcoin Chart Pattern Setups
- Bull flag/pennant Bitcoin Chart Pattern Setups
- Bear flag/pennant Bitcoin Chart Pattern Setups
3. Bilateral
- Symmetric triangle - Consolidation Bitcoin Chart Pattern Setups
- Rectangle - Range Bitcoin Chart Pattern Setups
Reversal patterns - Bitcoin Chart Pattern Setups - confirm the reversal of the btcusd market bitcoin trend once this reversal chart pattern setup is confirmed. These Reversal Chart Patterns are formed after extended cryptocurrency trading market trend either upward or downwards and these reversal bitcoin patterns signal that the btcusd market is ready to reverse.
Continuation patterns Bitcoin Chart Pattern Setups - are formations that set up the btcusd market for a bitcoin trend continuation move in the direction of the prior Bitcoin trend. These Continuation Chart Patterns are formed when the btcusd market is taking a pause before continuing in the same direction of the previous Bitcoin trend.
Consolidation patterns Bitcoin Chart Pattern Setups - form when the btcusd market is taking a break before deciding which is the next direction to take. When these Consolidation Chart Patterns are formed - the btcusd market is trying to decide which direction to trade.
Technical Bitcoin Chart Analysis of Bitcoin Chart Pattern Setups
There are 2 different types of btcusd chart analysis, these two might seem similar but are not: the two are:
- Japanese Candlesticks Patterns - Study of a single candlestick - Read Japanese Bitcoin Candlesticks Patterns
- Bitcoin Chart Patterns - Study of a series of candlesticks formations
(This learn bitcoin trading tutorial is about the second option above - Bitcoin Chart Patterns)
The different topics for these two types analysis are:
Japanese Bitcoin Candles
- 43. Piercing Line Bitcoin Candlestick Pattern and Dark Cloud Cover Bitcoin Candlesticks Pattern Setups
Bitcoin Setups Tutorial Guides
The examples below also illustrate the difference of the arrangements of these two analysis methods.
Candles Patterns - Study of a single candlestick
Bitcoin Chart Patterns - Study of a series of bitcoin candlestick s
What is a Bitcoin Trading Plan? - Bitcoin Trading Plan Example
Alternatives: Automated EA Robots or Copy Trading Signals
