How Many Chart Patterns are There?
The 3 main types of chart patterns used by bitcoin traders are
1. Reversal Bitcoin Patterns
- Double Top BTCUSD Crypto Currency Patterns
- Double Bottom BTCUSD Crypto Currency Crypto Currency Patterns
- Head and Shoulders Bitcoin Patterns
- Reverse Head and Shoulders Bitcoin Patterns
Reversal Setups confirm the reversal of the bitcoin crypto market bitcoin trend once this reversal Bitcoin cryptocurrency patterns is confirmed. These reversal Bitcoin cryptocurrency patterns are formed after extended market bitcoin trend either upward or downward & these patterns signal that the btcusd market bitcoin trend is about to reverse.
2. Continuation Bitcoin Patterns
- Rising Triangle BTCUSD Crypto Currency Patterns
- Falling Triangle BTCUSD Crypto Currency Patterns
- Bull Flag/Pennant Bitcoin Patterns
- Bear Flag/Pennant Bitcoin Patterns
Continuation Bitcoin Patterns are formations which set up the btcusd market for a bitcoin trend continuation move in the market direction of the prior trend. These continuation Bitcoin chart patterns are formed when the Bitcoin market is taking a break before continuing in the same market direction of the prior trend.
3. Bilateral Bitcoin Patterns
- Symmetric Triangle - Consolidation Bitcoin Patterns
- Rectangle - Range Bitcoin Patterns
Consolidation BTCUSD Crypto Currency Patterns form when the btcusd cryptocurrency market is taking a break before deciding which is the next direction to take. When these consolidation Bitcoin chart patterns are formed the btcusd market is trying to decide which direction to trade.
Bitcoin Chart Patterns Explained Guide
This patterns cheat sheet tutorial explains the 3 types of cryptocurrency patterns used in day trading & scalping trading.
Traders also can find the chart patterns analysis on the bitcoin trading tutorial below that explained examples of the various Bitcoin chart patterns and also learn how to analyze and trade these bitcoin trading pattern setups.
Reversal Patterns Tutorials
Double Top Patterns and Double Bottoms Bitcoin Patterns
Head and shoulders Patterns and Reverse Head & shoulders Patterns
Continuation Patterns Tutorials
Continuation BTCUSD Crypto Patterns
Consolidation Patterns Tutorials
Bitcoin Chart Patterns - Chart Patterns Explained PDF Tutorial
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