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

Published 07/15/2021, 08:16 PM
Updated 07/15/2021, 10:00 PM
Here’s 2 ways clever pro traders spot crypto and stock price reversals
BTC/USDT
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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 direction.

While several patterns signal a possible trend change, one of the easiest to spot is the double bottom pattern. This can help traders change their strategy when the trend reverses direction from bearish to bullish.

W Bottom pattern. Source: TradingView
XTZ/USDT daily chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
BTC/USDT daily chart. Source: TradingView

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