Read full tutorial here: http://cryptocoinjunky.com/beginners-guide-to-reversal-chart-patterns-for-cryptocurrency-trading/

Reversal patterns are the closest thing you get to a crystal ball when it comes to predicting trend reversals with crypto trading. Once you start timing these patterns consistently, you’ll gain an uncanny advantage over your trades. A well timed trade off a reversal pattern can make a difference between making 5% on a trade or 50%.

It doesn’t matter if you’re trading Bitcoin, various altcoins, or any other asset, reversal chart patterns are an extremely important part of trading skillset.

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Within this guide I’ll be covering 6 of the most widely used reversal chart patterns. Learn to recognize these bad boys for a well-placed trade that will leave you “head and shoulders” (pun intended) ahead of the pack.

Common Reversal Trade Patterns We’ll Be Discussing

Head and Shoulders

Inverse Head and Shoulders

Double Bottom

Double Top

Rounding Top

Rounding Bottom

Head and Shoulders Reversal Pattern

One of the more infamous reversal chart patterns is the bearish formation known as head and shoulders. As you might’ve guessed, the pattern resembles a raised head with two matching shoulders on each side.

The bottom of the left shoulder should always be drawn across to the bottom of the right shoulder. The neckline serves as an area of support which the price will eventually drop below.

When the price drops below the neckline of the right shoulder, the pattern is considered complete. After completion of the pattern

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