This book focuses exclusively on the art of ‘Charting’, a technique of immense importance within the financial industry. It is based on one fundamental assumption: market prices follow predetermined and reoccurring patterns which can be identified using statistics, technical analysis and market indices. Once recognized, these charts provide a good indication of a coin’s short-term behaviour.
Without a doubt, tracking chart patterns is the most reliable technique to profit from the cryptocurrency markets. Many traders (including myself) have built entire careers around this art; I hope you will come to appreciate its powers very soon.
Throughout this book I will present the charting patterns most relevant to the beginner/intermediate-level trader. I will show you how to identify and recognize each pattern while trading, covering its unique features and behaviours.
Once you have recognized a pattern in the making, you must know exactly how to react (and quickly!). You are not gambling – every trade must be carefully planned in advance and executed without deviating from the plan. To help you in this aspect, I will show you…