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Candlestick Pattern

This document discusses various bullish and bearish chart patterns that professional cryptocurrency traders use to identify buy and sell signals, including ascending triangles, cups and handles, and head and shoulders patterns. It notes that breakouts of chart patterns are used as signals to enter trades and that stop loss orders are an important risk management tool. Traders can use stops to exit trades that move against them or re-enter reversed positions.

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safuan shukari
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4K views2 pages

Candlestick Pattern

This document discusses various bullish and bearish chart patterns that professional cryptocurrency traders use to identify buy and sell signals, including ascending triangles, cups and handles, and head and shoulders patterns. It notes that breakouts of chart patterns are used as signals to enter trades and that stop loss orders are an important risk management tool. Traders can use stops to exit trades that move against them or re-enter reversed positions.

Uploaded by

safuan shukari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Crypto Trading

Chart Patterns

Bullish Patterns

3 Rising Valleys Ascending Scallop Ascending Triangle Cup and Handle

Diamond Bottoms Double Bottoms Flag Measured Move Up

Pro Traders Rules:

Breakouts of certain chart


patterns are used as buy signals

Pennant Symmetrical Triangle

Stop loss orders are always part


of professionally planned trades
for rational risk management

Cup and Handle example

www.cryptotradingbook.com
Crypto Trading

Chart Patterns

Bearish Patterns

Descending Triangle Flag Head and Shoulders Reverse Cup and Handle

Measured Move Down Pennant Symmetrical Triangle Tops Rectangle

Double Tops 3 Descending Peaks Descending Scallop Diamond Tops

Breakouts below Stop loss orders are In case the trade fails be-
chart patterns: also used in the other cause price suddenly shifts
Sell signals direction: back up, traders can use a
stop to buy back in.

www.cryptotradingbook.com

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