Patterns are not a mathematical equation in the sense that if a certain pattern occurs, the price will increase by a certain percentage. It is a method of identifying market trends that may reverse if you fail to read supply and demand at that point.
Patterns can be useful if they are read with a set of factors and indicators that may be true to a certain percentage and not accurate to reach 100%.
If your strategy depends on patterns only, it is better for you not to apply it in the cryptocurrency market
Topic: Pattern trading cheat sheet. (Read 100 times)
I don't think you can get everything in one source as even in books they don't have every pattern available. Some books even just talk about certain TAs like Ichimoku Cloud and Moving Averages. But if you want to know more about the patterns with description I recommend you reading a book like the Technical Analysis for the Financial Markets by John Murphy as it explains the most common patterns happening in a candle chart. With the example you have shown it fails to explain anything why this pattern will go up an down and for newbies they might assume that if a pattern is forming there is a 100% chance it will go in the way based on what they have seen from the pictures.
This thread made by crypmike might be useful for you:
https://bitcointalksearch.org/topic/trading-cheat-sheet-collection-4846473
This should be enough since its not about quantity. Its about quality, training and ability of execution:
"I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times." Bruce Lee
https://bitcointalksearch.org/topic/trading-cheat-sheet-collection-4846473
This should be enough since its not about quantity. Its about quality, training and ability of execution:
"I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times." Bruce Lee
Hello,
How can I obtain a complete list of pattern trading? I found something like https://uploads-ssl.webflow.com/5d98c0f36e7b48ed14053acd/5dcc6609881da4e316e6f2bc_Chart%20Patterns%20Cheat%20Sheet.pdf, but this is not complete.
Thank you.
How can I obtain a complete list of pattern trading? I found something like https://uploads-ssl.webflow.com/5d98c0f36e7b48ed14053acd/5dcc6609881da4e316e6f2bc_Chart%20Patterns%20Cheat%20Sheet.pdf, but this is not complete.
Thank you.
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