As the cryptocurrency market undergoes corrections, savvy traders have the opportunity to profit from these fluctuations. Our AI-based Chart Pattern recognition system has been instrumental in identifying significant winners, especially on the sell side.

Here’s how you can leverage market corrections for profits.

Understanding Market Corrections

When the price approaches or breaks below a support level, or experiences a bearish breakout from a pattern, it often leads to continued weakness and further price declines. Traders can capitalize on these declines through a strategy known as short selling.

Short Selling Explained

Short selling involves borrowing an asset and selling it at the current market price, then buying it back later at a lower price to return to the lender, thereby profiting from the price difference. We cover the intricacies of short selling in Lesson 10 of our new Crypto Trading Course. This lesson includes seven trading strategies suitable for any market stage, as well as essential risk management and leverage trading techniques.

Recent Trade Signals and Profits

Our AI system has recently identified several profitable trade signals, demonstrating the effectiveness of our approach:

HIGH: Support Approach – +38% Profit

Source: altFINS

FARM: Support Breakout – +16% Profit

Source: altFINS

CRO: Channel Down – +13% Profit

Source: altFINS

LAZIO: Triangle Breakout – +14% Profit

Source: altFINS

Enhancing Your Trading with AI

Our AI-based Chart Pattern recognition engine automatically detects 26 pattern types across four time intervals (15 minutes, 1 hour, 4 hours, 1 day) for hundreds of assets, saving traders hours of manual chart scanning. Traders can easily monitor all trading signals in our Signals Summary section.

Source: altFINS

Key Features:

• Automatic Detection of 26 Pattern Types: Including Ascending/Descending Triangle, Head and Shoulders, Channel Up/Down, Falling/Rising Wedge, Double/Triple Bottom/Top, Bullish/Bearish Flag, Pennant, Rectangle, and Support/Resistance levels.
• Multi-Timeframe Analysis: Patterns identified across 15-minute, 1-hour, 4-hour, and daily intervals.
• Custom Chart Pattern Filters: Create and utilize custom filters to enhance your trading strategies.

Learn and Profit

We provide comprehensive educational resources to help you master trading chart patterns:

• Lesson 8 of our Crypto Trading Course: Covers seven trading strategies, margin trading, short selling, and risk management.
• Free Tutorial Video: A step-by-step guide on creating and utilizing custom chart pattern filters.
• Introduction Video: Learn more about our AI chart patterns and how to trade them effectively.
• Also read a comprehensive article on crypto chart patterns.
• Visit altFINS Knowledge Base to learn more about specific chart pattern’s types.

Getting Started

For beginners, it’s advisable to start with patterns that are easy to understand and have high success rates. These include Horizontal Resistance, Ascending Triangle, Channel Down, Falling Wedge, and Inverse Head and Shoulders, which tend to have a success rate of 67-86%.

Join Us Today

Don’t miss out on any trade signals—create alerts for Chart Patterns and join our community of successful traders. Explore all Chart Patterns and watch our tutorial videos to enhance your trading strategies.

Upgrade now and stay ahead of the market with altFINS, your AI-powered trading partner.