Every trader aims to buy low and sell high, but only a few are able to muster the courage to go against the herd and purchase when the downtrend reverses direction. When prices are falling, the sentiment is negative and fear is at extreme levels, but it's at times like these that the inverse head and shoulders (IHS) pattern can appear.The (IHS) pattern is similar in … [Read more...] about Pro traders look for this classic pattern to spot Bitcoin price reversals
Reversals
Here’s 2 ways clever pro traders spot crypto and stock price reversals
Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed direction.While several patterns signal a possible trend change, one of the easiest to … [Read more...] about Here’s 2 ways clever pro traders spot crypto and stock price reversals
Not sure if the bulls are back? Here’s how the golden cross spots trend reversals
The most important aspect in trading is to correctly identify the long-term trend. Once this is done, the rest of the steps are not very difficult because all a trader needs to do is look for buying opportunities in an uptrend and selling opportunities in a downtrend. In reality, many traders complicate the process by waiting for lower levels to buy in a bull market and missing … [Read more...] about Not sure if the bulls are back? Here’s how the golden cross spots trend reversals