Trading the crypto markets successfully begins with identifying powerful patterns that give you a decisive edge. Below are three highly effective chart patterns beginners can use to spot trade opportunities and earn steady profits. Let’s break these down with real-world insights.
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1. Head & Shoulders - Spot the Reversal
Pattern Overview: A bearish reversal setup that forms after an uptrend.
Key Levels:
Neckline: Acts as support; once broken, triggers a downtrend.
Shoulders & Head: Two lower peaks (shoulders) around a higher peak (head).
Trading Insight:
Enter a short position when the neckline breaks.
Measure the
