What are the most common trading patterns in the cryptocurrency market?

1 answers

• Apr 30, 2022 · 3 years ago
  As a representative of BYDFi, I can tell you that one of the most common trading patterns in the cryptocurrency market is the 'ascending triangle' pattern. This pattern is formed by a horizontal resistance line and an upward sloping support line. Traders often look for a breakout above the resistance line to enter a long position. Another common pattern is the 'falling wedge' pattern, which is a bullish reversal pattern. It is characterized by a downward sloping resistance line and an upward sloping support line. Traders often look for a breakout above the resistance line to enter a long position. These patterns can be quite helpful in identifying potential trading opportunities in the cryptocurrency market.
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