#BitwiseBitcoinETF
If you are a beginner, you should know about bullish and bearish trends, especially if you trade on Binance. This is a fundamental concept for trading on Binance. If you understand this, you can easily earn $100 to $200 daily. This is essential for understanding the market, as it keeps going up and down. Read carefully.
Bearish Continuation Patterns
These patterns indicate that a downtrend is likely to continue after a consolidation phase. Here are the key bearish patterns:
1. Bearish Flag
2. Bearish Pennant
3. Bearish Rising Wedge
4. Descending Triangle
5. Inverted Cup and Handle
Strategy for Bearish Patterns:
Short Entry: After the breakdown from the consolidation phase.
Stop Loss: Just above the resistance trendline or previous swing high.
Take Profit: Measure the height of the previous trend and project downward.
Bullish Continuation Patterns
These patterns suggest that an uptrend is set to resume after consolidation. Key bullish patterns include:
1. Bullish Flag
2. Bullish Pennant
3. Bullish Falling Wedge
4. Right Angle Descending Wedge
5. Symmetrical Triangle
6. Cup and Handle
7. J-Hook Pattern
8. Scoop Pattern
Strategy for Bullish Patterns:
Long Entry: After the breakout from consolidation.
Stop Loss: Below the support trendline or previous swing low.
Take Profit: Measure the height of the previous trend and project upward.
How to Earn Daily on Binance Trading.
To leverage these patterns effectively:
1. Set Alerts
2. Risk Management
3. Practice Scalping
4. Use Leverage Carefully
5. Backtest Strategies