Trading101 | Crypto Profit Bot

Traders know not to ‘go long’ when this classic trading pattern shows up

September 4, 2021

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Buying an asset in a downtrend can be a risky maneuver because most investors struggle to spot reversals and as the trend deepens traders take on deep losses. In instances like these, being able to spot descending channel patterns can help traders avoid buying in a bearish trend. A “descending channel,” also known as a […]

Pro traders know it’s time to range trade when this classic pattern shows up

August 17, 2021

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A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes, this leads to the formation of a rectangle pattern, which can also be described as a […]

Pro traders look for this classic pattern to spot Bitcoin price reversals

July 31, 2021

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Every trader aims to buy low and sell high, but only a few are able to muster the courage to go against the herd and purchase when the downtrend reverses direction. When prices are falling, the sentiment is negative and fear is at extreme levels, but it’s at times like these that the inverse head […]

This classic trading pattern signaled that Bitcoin price had hit a top

July 25, 2021

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Traders tend to focus too much on timing the right entry to a trade, but very few focus on developing a strategy for exiting positions. If one sells too early, sizable gains are left on the table and if the position is held for too long, the markets quickly snatch back the profits. Therefore, it […]

Here’s one way to trade Bitcoin even as BTC price teeters over an abyss

July 18, 2021

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In the last 29 days, Bitcoin (BTC) has been ranging from $31,000 to $36,000 as the impact of the recent China ban and a $1.4 billion Grayscale GBTC share unlocking continue to pressure markets. China’s government implemented a series of measures to curb cryptocurrency mining and trading by ordering the immediate shut down of some […]

Here’s 2 ways clever pro traders spot crypto and stock price reversals

July 16, 2021

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Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed […]

Is Bitcoin overbought or oversold? Use Bollinger Bands to find out!

July 8, 2021

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Trading is neither an exact science nor art. It is a mixture of both. There are scores of publicly available indicators and each claims to be the best. However, none of them are perfect or designed to be used in isolation. One of the more popular indicators widely used by several traders is Bollinger Bands, […]

Altcoin Roundup: Smart investors don’t just buy dips, they dollar-cost average

July 2, 2021

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Choppy markets have defined the crypto space since Bitcoin (BTC) sold off on April 19, and indecisive markets like these can test the patience and fortitude of even the most dedicated traders and analysts, especially when the incessant calls for a bottom are met with lower lows. While the periods of low trading volume and […]

4 ways investors use support and resistance levels to make better trades

June 28, 2021

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Trading should just be a simple process of buying low and selling high but for many investors the process is more akin to rocket science. One of the most basic and easy-to-understand strategies that can help accomplish this is to identify an asset’s support and resistance levels. Once traders can spot the support and resistance […]

Here’s how Bitcoin’s impending death cross could be a contrarian buy signal

June 13, 2021

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Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts believe the bottom may have been hit, others are warning of a further fall due to the “Death Cross” pattern that, at the time of writing, is on the verge […]

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Category: Trading101