Picture this….
It’s late at night. Only the sound of crickets and an irregular owl hoot breaks the silence. You are oblivious to these as you are focused on the screen before you. The ALERT went off! Tradingview called – you listened.
The AVAX Chart is a colourful masterpiece of lines, boxes, circles, and waves.
Excitement grows; it’s been a while since you had this setup. The latest naked candle starts on the hour and opens precisely on your entry zone estimation.
Entry – CHECK!
The excitement grows in the pit of your stomach – yes! – this is playing out!
The analysis is lining up! Fingers fumbling to open the exchange – be quick! This is ENTRY. You enter your order and get the amount ready, almost getting it wrong, finger nervously on the buy button.
Experience and a tad of perfectionism make you run through the indicators again:
HODLNATOR buy tag – check
HODLNATOR Bollinger’s – check
DETONATOR Green Dot – check
DETONATOR C – check
HPL lines – check
T/A – check
The chart in front of you SCREAMS BUY!
Then you see it – not immediately, but it creeps up on you.
THAT CANDLE – where have I seen that before? The excitement turns into doubt – breathe – get that heart rate down – focus. A veil is drawn over your brain.
THAT PATTERN – where have I seen that before ? Bull trap? What is it called again? Hammer? Dragonfly something?…or is it something gravestone….?
That new support candle is getting longer !
Blood rushes to your faces as you frantically open Google out of habit – Start with a hammer – search – dozens of photos – I don’t have time to search now!!
Out of nowhere, your brain kicks in again, screams so loud that you wonder if the neighbours heard – your BTAF Patterns Book!
With ease and some late-night swagger, you open the copy from your desktop and run your eyes through the content. YES! INVERTED HAMMER – in a matter of seconds! Bear trap – I knew it! It’s signalling the bottom of the market – we have confluence and LIFT-OFF!
A symphony sounds up in your ears as you press the buy button!
Confidence – Check!!!
YOU DID IT!
The BitcoinTAF.com Ultimate Patterns for Traders is an ever-evolving book that makes pattern analysis quick and accessible. No more fumbling around for clues and wasting time. The right information is at your fingertips at all times.
The first version lists numerous Candle Stick Patterns, including our proprietary patterns.
Candlestick patterns are an essential tool in trading that can help traders identify potential price movements and make informed decisions.
The patterns are formed by analyzing the open, high, low, and close prices of a financial instrument over some time.
Here are some reasons why candlestick patterns are important in trading:
1. Provides visual representation: Candlestick patterns clearly represent the market sentiment and the price action, which can help traders make more informed decisions.
2. Helps identify potential reversals: Candlestick patterns can help traders identify potential trend reversals, which can be useful for taking advantage of a changing market.
3. Helps confirm trend continuation: Candlestick patterns can also help confirm trend continuation, helping traders make more informed decisions about whether to hold or exit a position.
4. Provides trading signals: Certain candlestick patterns can indicate when to enter or exit a position based on the pattern’s characteristics.
5. Easy to use: Candlestick patterns are easy to use and understand, making them a popular tool for traders of all experience levels.
Overall, candlestick patterns are an important tool in trading, helping traders make more informed decisions about potential price movements and market sentiment.
To help you gain confidence even more, we have also added a very useful and quick Helpful guide for ELLIOT WAVES theory!
Elliot waves are a popular technical analysis tool in trading that can help traders identify potential price movements and make informed decisions.
Here are some reasons why Elliot waves are important in trading:
1. Helps identify market trends: Elliot waves can help traders identify trends and understand the market’s direction.
2. Provides a framework for analyzing price movements: Elliot waves provide a framework for analyzing price movements, allowing traders to understand better how prices move and potentially predict future price movements.
3. Can be used across different financial instruments: Elliot waves can be used across different financial instruments such as stocks, forex, and crypto, making them versatile tools for traders.
4. Provides trading signals: Elliot waves can indicate when to enter or exit a position based on the wave’s characteristics.
5. Helps manage risk: By identifying potential price movements, Elliot waves can help traders manage risk and make more informed decisions about how to enter or exit a position.
6. Allows for price projection: Elliot waves can also allow traders to project potential price targets, which can be useful for setting profit targets or stop-loss orders.
Overall, Elliot waves are an important tool in trading as they can help traders identify potential price movements and make informed decisions about managing their positions.
Using Elliot waves, traders can better understand market trends, project potential price targets, and manage risk.
Future versions of the BitcoinTAF.com Ultimate Patterns for Traders will include:
Reversal Patterns
Continuation Patterns
Bilateral Patterns
Symmetrical Patterns
Consolidation Patterns
Elliott Wave Theory – A Helpful Guideline
Wyckoff Patterns
Supply and Demand
Support and Resistance
With these two – Become Confident – become Profitable – Check!
For more information please follow this link
https://charts-dev.bitcointaf.com/product/ultimate-chart-patterns
