RECOGNIZING BREAKOUTS, SHAKEOUTS AND FAKEOUTS (EFFECTIVE MARKET PROFITABILITY)
There are three concepts that can entirely change your trading decisions and prevent you from losing every single time. Although, it would be harder to identify than the normal concepts you've known so far.
Let's break them down.
  A breakout is known to be a confirmed broken support or resistance and could lead another intense wave for potential upswings or downswings. Just like what happened with the breakout of BTC due to factors such as news, strengthening buying pressure and others. As for the shakeout, there is a possibility that the late longs with high leverage are going to be shaken out from above the resistance and late shorts below the support. Right after, the original trend will continue on its way after shaking out these entries especially when they have high leverages and uncontrolled risks. Fakeouts have the tendency to trap traders with a potential breakout but in fact, as there will be no signs of confirmed breakout. It could potentially lead to a reversal from the original trend, leading to impulsive price movements different from what's the original trend. 
How to confirm whether there is a breakout, shakeout or a fakeout in the crypto market?
  As the crypto market's tendency to create scenarios that will invalidate one's strategy. It would be best to identify these three concepts in order to take advantage of what's to come next. A validation for a breakout mainly composes of the price staying on top of the resistance for a long period of time showing signs of accumulation of strength on top of it. There are also times when the market breaks the resistance completely and the price will stay on a strong momentum. Although, the complete invalidation for a breakout would be the shakeouts and fakeouts that are confirmed. Shakeouts and fakeouts are easily confirmed when the market shows high signs of selloffs. You can recognize high selloffs with the impulsive waves that happen causing the price to seemingly being unable to break the resistance. Once you see weakness on the resistance, these will be confirmed by the sudden downward movements that seem to be pulling the market down. This could also work vice versa with a breakdown for the shakeouts and fakeouts that might happen.
Stay wise, trade cautiously.
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