Let me be honest: since I learned this strategy, I have not suffered a loss again. Yes, you heard that right! If you are still facing liquidations and are confused about when to buy or where to place a stop-loss order, I will help you today. I will reveal to you a secret formula that no one will tell you. And guess what! It will only take five minutes to learn!
Are these patterns you see in the chart above? They are not just charts, but signals for profit-taking. Once you understand them, you will find yourself facing a hidden language in the market. Let me explain it to you in the simplest way.
1. Bull Flag 📈
After a strong rise, the price consolidates in the shape of a flag. When it breaks out, this is a buy signal! Place the stop loss below the flag.
2. Measured Move Up 🔁
This is a wave pattern. After the first rise, wait for a pullback. When the price starts moving again, buy! Stop loss below the pullback.
3. Bull Flag 🚩
Short consolidation in a triangle after a rise. Breakout? This is the time to enter. Place the stop order directly below the flag.
4. Cup and Handle ☕
It seems easy! When the price breaks the support level, it means a buy signal. Place the stop order below the support level.
5. Ascending Coin 🌙
A beautiful curved shape forming higher bottoms. Once the price breaks this curve, it's time to buy. Stop at the lowest point.
6. 3 Ascending Valleys ⛰️
Three declines, each one higher than the previous. This shows strong bullish strength. Enter upon breaking the third peak.
7. Symmetrical Triangle 🔺
The price is narrowing more and more, forming a triangle. When it breaks upward, buy! The stop loss is just below the triangle.
8. Ascending Triangle 📊
Flat top, rising bottom - great optimism. When the price breaks the top line, you can buy! Stop loss below the trend line.
9. Double Bottom 🅱️
It's a 'W' shaped pattern. When the price breaks the neckline after the second bottom, buy! Stop at the second bottom.
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