Chart patterns

Chart patterns represent a collection of candlesticks that form the potential of a trend. Basically, they suggest what the price will do next.

You can find most chart patterns in the Encyclopedia of Candle Patterns, 3rd Edition by Thomas N. Bulkowski (https://www.wiley.com/en-us/Encyclopedia+of+Chart+Patterns,+3rd+Edition-p-9781119739685). Thomas is a successful investor with 35 years of experience trading stocks, and he is considered the leading expert on chart patterns. Note the “stocks” keyword.

In his book, you’ll find what the best patterns are for stocks in various conditions, but if you want to see if they apply to crypto, you’ll need to do the tests for yourself. I’m not telling you this to dissuade you from applying them, or to demoralize you about crypto trading; I’m telling it as a warning to not take anything for granted. There’s no pattern with a 68% win rate, and whoever tells you there is, ask them...