Many traders like to play both sides of an asset’s price action. But in order to play the bullish and bearish trends, one needs to be aware of the positive and negative signals contained within various candlestick patterns. Knowing how to interpret candlesticks adds insight to the signal provided by various technical analysis indicators and the path a digital asset might take. Here are five more bearish candlestick patterns every trader should know. Tweezer Top Like the Tweezer Bottom, the Tweezer Top is a trend reversal pattern that indicates buyers are running out of steam and the approaching end of …

Trading Bitcoin (BTC), crypto and other assets can be intimidating for those new to the investing scene; and even veteran investors go through bouts of uncertainty where they second guess themselves, trade from their gut, and only truly see the signals an asset was flashing when provided with the benefit of hindsight. For many new traders the sight of lines, squiggly oscillators, randomly numbered moving averages and blue and green candlesticks are disconcerting as it is hard for the untrained eye to decipher all the data contained within an asset’s chart. The good thing is, with time, practice, trials and …

Interest in cryptocurrencies has been on the rise throughout 2019 and Bitcoin’s (BTC) impressive 300% rally from $3,130 in February 2019 to $13,800 on June 26 surely had something to do with growing interest. Multiple studies have shown that millennials and younger investors, in particular, have grown increasingly skeptical of traditional financial service providers and banks in the wake of the 2008 financial crisis. At least 40% of this demographic has said that they intend to invest in cryptocurrency in the future. Fortunately for new investors, investing in digital assets has become much easier than it was pre-2017. But there …

As discussed in a previous article on bullish candlestick patterns, trading using Japanese candlesticks is the most popular method for analyzing price action by crypto traders. There are many patterns worth learning and understanding — some of the most essential bearish patterns are discussed below. It is important to note, once again, that context and candle placement are essential in identifying patterns. The same exact candlestick can be bullish when located in a different place on the chart. Bearish Harami The Bearish Harami is a two candle pattern that signals a likely reversal in price. In this pattern, the first …

Candlestick charts are favored by crypto traders due to their visual appeal and simple to understand nature. Their history lies in the Japanese rice trading and the system has been updated and utilized throughout the years, becoming the most popular method of charting assets. They are called candlesticks because of their rectangular shape and long lines (wicks) formed by price action during a certain time period. Candlesticks can also give clues to price action and the mood of the market towards an asset. Over time, multiple candlesticks form patterns that give traders signals that help bulls and bears make trading …

As a young industry, the cryptocurrency space has been like a revolving door, seeing numerous companies, projects and assets come and go with the wind. Crypto exchanges, in particular, have seen their fair share of changing tides. Outfits such as BitMEX and Binance have grown since 2017 while newcomers such as Bybit have more recently entered the spotlight. It is not uncommon for such exchanges to gain social media attention as various personalities promote their reference links and talk about different digital assets on crypto-Twitter and YouTube. BitMEX, Bitfinex, Coinbase, Binance and Bybit have each seen their share of activity …

The crypto market has extremely low barriers to entry, meaning anyone with an internet connection, a smartphone or a computer and a bit of starting capital can theoretically become a trader. Sadly, most of these beginners learn hard lessons and go broke. Here are 10 common mistakes made by beginning traders that you should avoid at all costs. 1. Starting with real money rather than paper trading There is no reason for a beginning trader to use real money when there are endless resources and platforms for paper trading, including Tradingview. Anyone interested in becoming a professional trader should first …

Almost all traders are aware of the widely publicized statistic that “95% of traders lose money.” When you drill deeper, research implies that this number is likely higher. The profession chews up and spits out aspiring traders at an astounding rate. So why are so many intelligent people drawn to a profession with incredibly high odds of failure? 6 striking stats showing traders have it rough There are the obvious reasons — the appeal of working for yourself, sitting in your underwear on your couch all day making millions. There’s the (false) promise of “easy money” and the draw of …

Humans are inherently emotional beings — we love, we hate, we feel fear, we experience greed and we question our decisions. All of these emotions are the enemy of a successful trader. “The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.” — Victor Sperandeo Knowing how to control emotions while trading Bitcoin (BTC) — or any other asset — will likely be the difference between success and failure. Maintaining a calm and calculating demeanor is key to making money as a trader. Emotional traders’ most common …

We have all heard hundreds of stories about the life-changing money being made in the crypto space. Anonymous Twitter traders regale us with tales of turning $1,000 into millions in a matter of months, flipping altcoins and making 100x on investments daily. Moon. Lambo. To the outside observer, this seems like an easy and sure way to get rich quick. They leave their jobs to become “professional crypto traders,” even before learning the basics of trading and managing risk. We all know how this story ends. Being a trader in any market is hard — 95% of all traders fail, …