Pattern Watch (Bitcoin/Gold/S&P500) 12/15/20

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This is not investment advice. If you choose to act upon this information, I assume no liability.

I trade classical chart patterns. Please keep in mind that when trading classical chart patterns, a strike rate of between 25-40% is considered normal. This means that you can expect between 60-75% of these trades to fail. Profit is made by only taking on trades with an asymmetrical risk/reward ratio.

If you’re interested in learning more about trading classical chart patterns, please read ‘Technical Analysis of Stock Trends’ by Edwards and Magee, and ‘Diary of a Professional Commodity Trader’ by Peter Brandt.

RIP Tyler Jenks

Pattern Watch (Bitcoin/Gold/S&P500) 12/15/20

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Kane Dane