Trade what you see, not what you hear

The power of trading chart patterns must not be under-estimated. It doesn't matter if your an investor or trader.

There will always be a 'story' that follows the triggering event of a chart pattern that the majority will claim to be the reason for the market reaction. But trading a news event is a fools game, as you will always be late to a position.

While I suspect many investors are HODL'ing their Bitcoin now, there were numerous signals in the form of chart patterns telling you to exit the market, or at least play defense and short the market to gain USD.

Being able to identify the patterns in the making and then executing, allows you to be on the correct side of the market more times than not.

Currently, another bearish pattern in the form of a bear-flag could be forming on Bitcoin.

I will be keeping a close on on this bear flag pattern.

Remember, make high quality trades and the profits will follow.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.