Charts Analysis of Chart Patterns

Chart Patterns - Trading Analysis Chart Patterns Strategies

Chart patterns are graphical representations of repeating price action formations that are commonly used in the btcusd trading market.

Chart Patterns is one of the studies used in trading technical analysis to help traders learn how to recognize these repeating Cryptocurrency Chart Patterns formations.

These Cryptocurrency Chart Patterns are important in bitcoin trading because when the btcusd market is not moving in a particular direction it is forming a cryptocurrency chart pattern. It is important to know these Cryptocurrency Chart Patterns formations so as to have an idea of what might be the next move in the btcusd market.

When price movements are drawn there are several Cryptocurrency Chart Patterns formations that occur naturally and repeat themselves over and over again. These Cryptocurrency Chart Patterns formations are used by a lot of trading technical traders to predict the next cryptocurrency market move.

Traders often study these Cryptocurrency Chart Patterns formations to gauge supply and demand forces that form the basis for price fluctuations.

These Cryptocurrency Patterns are classified in to 3 different categories:

1. Reversal Chart Patterns

• Double tops Chart Patterns

• Double bottom Chart Patterns

• Head and shoulders Chart Patterns

• Reverse head and shoulders Chart Patterns

2. Continuation Chart Patterns

• Ascending triangle Chart Patterns

• Descending triangle Chart Patterns

• Bull flag/pennant Chart Patterns

• Bear flag/pennant Chart Patterns

3. Bilateral

• Symmetric triangle - Consolidation Chart Patterns

• Rectangle - Range Chart Patterns

Reversal patterns - Chart Patterns - confirm the reversal of the btcusd trading market trend once this reversal chart pattern setup is confirmed. These Reversal Cryptocurrency Chart Patterns are formed after extended cryptocurrency trading market trend either upward or downwards and these reversal patterns signal that the btcusd market is ready to reverse.

Continuation patterns Chart Patterns - are formations that set up the btcusd trading market for a trend continuation move in the direction of the prior trend. These Continuation Cryptocurrency Chart Patterns are formed when the btcusd trading market is taking a pause before continuing in the same direction of the previous trend.

Consolidation patterns Chart Patterns - form when the btcusd market is taking a break before deciding which is the next direction to take. When these Consolidation Cryptocurrency Chart Patterns are formed - the btcusd market is trying to decide which direction to trade.

Technical Chart Analysis of Chart Patterns

There are two different types of btcusd chart analysis, these two might seem similar but are not: the two are:

• Japanese Candlesticks Patterns - Study of a single candlestick - Read Japanese Candlesticks Patterns

• Chart Patterns - Study of a series of candlesticks formations

(This learn bitcoin trading tutorial is about the second option above - Chart Patterns)

The different topics for these two types trading analysis are:

Japanese Candlesticks

• 39. Marubozu Candlestick Pattern & Doji Candlestick Pattern

• 40. Spinning Tops Candlesticks Patterns

• 41. Reversal Candlesticks Patterns

• 42. Inverted Hammer Candle Pattern and Shooting Star Candlesticks Patterns

• 43. Piercing Line Candle Pattern & Dark Cloud Cover Candlesticks Patterns

• 44. Morning Star Candles & Evening Star Candlesticks Patterns

Bitcoin Patterns Tutorials

• 53. Double Tops and Double Bottoms Chart Patterns

• 54. Continuation Chart Patterns

• 55. Consolidation Patterns

• 56. Head and Shoulders Patterns & Reverse Head & Shoulders Chart Patterns

The examples below also illustrate the difference of the arrangements of these two cryptocurrency trading technical analysis methods.

Candles Patterns - Study of a single candlestick

Chart Patterns - Study of a series of candlestick s