Happy New Year 2022 !!! Bitcoin Chart Pattern..
"Keep in mind that chart patterns are not some mystical way of predicting the market’s next direction with 100% accuracy, but they give us clues about the probability of a move."
"Many brokers advertise online trading as a fast, easy and low-risk way of making money. “It’s easy” they say… just choose a direction and then trade accordingly. Ok, but that is similar to Felix Baumgartner – you know, the guy who jumped from the stratosphere – telling me “Look dude, you just step off the platform and you are on your way. It’s so easy that everybody can do it”. Well, as you might have thought, choosing a direction when trading Contracts For Difference or even Binary Options and jumping from the stratosphere successfully are no easy feats and although I don’t know what preparations you need to make in order to jump with a parachute, I have a slight idea what technical trading is."
"The movement of an asset creates certain patterns that repeat themselves and people noticed this from the early days of trading. By analyzing these patterns and comparing them to similar ones that were created in the past, traders can make a prediction about an asset’s next direction."
"In other words, a Double Top pattern usually triggers a move down, so if the trader spots this pattern on his current chart, he can assume that price will behave as it did in the past and thus a move down is expected."
Happy New Year 2022 !!!
"Many brokers advertise online trading as a fast, easy and low-risk way of making money. “It’s easy” they say… just choose a direction and then trade accordingly. Ok, but that is similar to Felix Baumgartner – you know, the guy who jumped from the stratosphere – telling me “Look dude, you just step off the platform and you are on your way. It’s so easy that everybody can do it”. Well, as you might have thought, choosing a direction when trading Contracts For Difference or even Binary Options and jumping from the stratosphere successfully are no easy feats and although I don’t know what preparations you need to make in order to jump with a parachute, I have a slight idea what technical trading is."
"The movement of an asset creates certain patterns that repeat themselves and people noticed this from the early days of trading. By analyzing these patterns and comparing them to similar ones that were created in the past, traders can make a prediction about an asset’s next direction."
"In other words, a Double Top pattern usually triggers a move down, so if the trader spots this pattern on his current chart, he can assume that price will behave as it did in the past and thus a move down is expected."
Happy New Year 2022 !!!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.