Are there any specific shibari diagram patterns that are popular among cryptocurrency traders?

3 answers

• Tranberg HvassOct 26, 2023 · 2 years ago
  As a cryptocurrency trader, I can tell you that there are several popular shibari diagram patterns that traders commonly use. One of the most popular patterns is the ascending triangle, which is formed by a horizontal resistance line and an upward sloping support line. Another popular pattern is the descending triangle, which is formed by a horizontal support line and a downward sloping resistance line. Additionally, the symmetrical triangle pattern is also commonly used, which is formed by converging trendlines. These patterns are used by traders to identify potential breakouts or reversals in the price of a cryptocurrency.
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• josé evangelistaJul 03, 2023 · 3 years ago
  Yes, there are specific shibari diagram patterns that are popular among cryptocurrency traders. Some of the popular patterns include the head and shoulders pattern, the double top pattern, and the double bottom pattern. These patterns are used by traders to predict potential trend reversals in the price of a cryptocurrency. The head and shoulders pattern is characterized by three peaks, with the middle peak being the highest. The double top pattern is characterized by two peaks of similar height, while the double bottom pattern is characterized by two troughs of similar depth. Traders use these patterns in conjunction with other technical indicators to make informed trading decisions.
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• rubytuesAug 31, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that among cryptocurrency traders, the most popular shibari diagram patterns are the symmetrical triangle, the ascending triangle, and the descending triangle. These patterns are widely used by traders to identify potential breakouts or reversals in the price of a cryptocurrency. The symmetrical triangle pattern is formed by converging trendlines, while the ascending triangle pattern is formed by a horizontal resistance line and an upward sloping support line. The descending triangle pattern is formed by a horizontal support line and a downward sloping resistance line. Traders often combine these patterns with other technical analysis tools to make informed trading decisions.
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