‘There are more ways than one to skin the cat” (American humorist Seba Smith, 1840)

There are many ways to profit from crypto trading.

Trading Gravestone Doji and Dragonfly Doji patterns are very effective short-term trading strategies.

Gravestone Doji signals bearish (Sell) trend reversal (tutorial).

Dragonfly Doji signals bullish (Buy) trend reversal (tutorial).

TIP: use altFINS Screener to scan for over 30 candlestick patterns. Read tutorial.

Here’s daily (1D) price chart for SRM with a Gravestone Doji pattern.

SRM: Gravestone Doji

Context is critical!!

Notice that the Gravestone Doji was preceeded by two green candles (up days) and followed by one red candle (down day).

We call this ”Perfect Gravestone Doji” and we have a Pre-Set screener filter for it (see live results):

The long upwick indicates that after buyers pushed up the price, sellers stepped in and aggressively sold it and pressured it down below where it started the day. And that selling followed through the following day (red down candle).

This shows that Gravestone Doji occurred in a brief uptrend and signaled bearish trend reversal, which was confirmed the next day.

Trader would enter during or after the close of that red down day that confirmed the reversal.

In the case of SRM, this trade would generate 10% profit in 1 day.

Also, notice the elevated, above average volume on that Gravestone Doji. That’s another indication that buyers were overwhelmed by big volumes from sellers.

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You can scan thousands of crypto assets to find over 30 candlestick patterns. Read tutorial.