Note that predicting chart patterns and price movements yield probabilistic results, not certainties. There may be times when you perfectly execute a trade and still end up with a loss, and vice versa. Regardless, you need to stick to your strategy in order to make sustainable long-term profits.Join us in showcasing the cryptocurrency revolution, one newsletter at a time.
Once you have mastered the patterns involved, you should be able to incorporate them into your trading strategy.The ascending triangle is a bullish signal as it shows that an asset’s price may continue to rise further. You can start identifying this pattern by drawing a trendline, one which follows the bottom swing, then another trendline that follows the asset’s resistance level.
There’s an old adage in poker, which is essentially trading on a set of incomplete information that there are three levels to attain before you can be considered a professional player.Level 3: You play your opponent’s perception of your cards. Leverage shakeouts and whale price manipulation come to mind here, where big investors put incredible selling or buying pressure on the little guys in order to manipulate them into taking the action they want.
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