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My Crypto Patterns Bible: The Stuff Big Players Don't Want You to Know
I've spent countless sleepless nights staring at charts, losing money, and eventually cracking the code. Let me tell you - those fancy chart patterns aren't just pretty pictures. They're the language money speaks when it moves from weak hands to strong ones. And I'm gonna show you exactly how I read them.
Ascending Triangle - The Money Printer
When I see this pattern forming, my heart races. It means big money is quietly accumulating while retail traders are oblivious. I've watched Bitcoin form these patterns before explosive moves countless times.
Remember when BTC tested that $45K resistance in 2021? I mortgaged everything I had and went all in. When it broke upward, my account exploded. The whales weren't kind enough to announce their buying plans - but the chart told me everything.
Descending Triangle - The Wealth Transfer
I hate these patterns with a passion. They're absolutely brutal. That constant support level makes amateurs think "it can't go lower" while smart money quietly distributes. Tesla's breakdown below $200 wasn't an accident - it was institutional money leaving retail holding the bag.
Falling Wedge - The Bear Trap
This is my absolute favorite pattern to trade! Nothing feels better than catching this when everyone else is panicking. While the masses were doom-posting about Amazon at $90 in 2022, I was backing up the truck. The narrowing price action screamed "sellers are getting exhausted" but nobody listened.
Rising Wedge - The Bull Trap
God, I've been burned by these more times than I care to admit. That ETH wedge at $3K looked so damn bullish until it wasn't. The pattern screams "distribution" but your brain keeps saying "moon soon." The exchanges love these patterns - they're perfect for liquidating over-leveraged longs.
Bullish & Bearish Flags - The Money Wave
These patterns are ridiculously reliable - almost suspiciously so. It's like the market is showing its hand before making its move. I've found combining these with volume analysis is deadly effective. When the big boys are about to move the market, these flags appear like clockwork.
Reality Check
Sure, these patterns work - but the market doesn't owe you shit. I've seen perfect patterns fail catastrophically when some whale decides to play games. Never risk what you can't lose, and for god's sake, don't take out loans to trade crypto. The most profitable trade sometimes is the one you don't make.
If you're new to this game, paper trade these patterns first. The market will still be there after you've practiced.