Hey There Steemers!
First of all, Welcome on my Steem Blog, I believe that´s how it´s called here, heh.
My name is Tibor, I am trader and also Chart Analyst. I mostly look at Crypto markets, I just love their Volatility!
At first I invested small amount of money into Market right before a bull run, I was happy. I was up 140% in just a few days! But my with greediness I was able to get no profit, but loss.
I though I would just profit more and more.. Yeah sure.
This Event made me curious about how the whole market works, I have studied a lot, been trough lot of sleepless nights, watched tons of videos about trading, charting etc.
I was really hungry for information and actually very interessted, that has led me to making my own charts and finding my own trading techniques.
These days, I am mostly trading on Binance or doing charts on Tradingview as a Hobby.
Okay, but to the Point.
The First I have learned was Pattern in the Candlestick charts as I knew how candles works before.
Mkay, So there is about 20 Patterns you can find in the Graph, such as triangles, head and shoulders, flag, wedges..
They are actually not that hard to find, here is an example of how they can look like, and what happens when they occur :
Mkay, first there is a Pennant followed by 22% breakout.
Another Pennant with 12% upward movement.
Ascending Triangle with 14,6% upward movement.
Then, there is the bearish pattern, called Head and Shoulders, It looks just as it sounds like, the pattern drove price down about 9%.
Last one in this chart is a Flag, with just a few % movement upwards.
If you was able to find all of these patterns just in the right time, you could have made about 50% in just about 4 hours, that doesnt sound that bad, does it?
All of these patterns are on 1 min candlesticks, they have occured in 9 hours, so yeah, there is lot of patterns in Charts!
If you find my Post interessting, let me know, if you would like some similiar stuff about trading, charting, indicators and so on, let me know in the comments down bellow, Thanks!