I've noticed that many beginners in crypto trading get confused with chart patterns and don't know how to interpret them correctly. In reality, if you understand, these are quite simple tools for understanding price movements. Let's go over the main triangular formations that are often found on charts.

I'll start with the most popular one — the bullish triangle, or as it's also called, the ascending triangle. This pattern usually appears in the middle of an uptrend and indicates increasing buying pressure. It forms simply: a horizontal resistance line at the top that the price tries to break through, and an ascending support line at the bottom, showing that each pullback is higher than the previous one. When you see such a bullish triangle on the chart, it's usually a good signal to buy, especially if the price breaks the upper line with good volume. It's best to place your stop-loss below the last support point, and the target level is the next significant resistance zone.

The opposite of the bullish triangle is the descending triangle, a bearish formation. Here, the support line is horizontal at the bottom, and the resistance line slopes downward. This indicates increasing selling pressure. When the price breaks support with increased volume, it often signals a serious decline. The main thing here is to wait for confirmation of the breakout with volume, otherwise you might catch a false signal.

There is also a symmetrical triangle — a neutral pattern that can resolve in either direction. The resistance and support lines converge symmetrically, creating a narrowing. The price consolidates, making lower highs and higher lows. It's important not to enter before a clear breakout, because at that moment, a false breakout can occur. When the breakout happens, you need to act quickly — if upward, buy; if downward, sell.

And the last type is the expanding triangle. This is a less common and more tricky pattern, where support and resistance lines diverge from each other, showing increasing volatility. This usually happens in unstable markets or when important news is released. Be more cautious with this pattern, as movements can be sharp and unpredictable.

Regarding general rules, here’s what I’ve noticed over years of trading. First, volume is everything. A breakout without volume often turns out to be false. Second, always look at the previous trend. Ascending or descending triangles work better if they form in the direction of the existing trend. And third, never forget about stop-loss — it’s your safety cushion against unexpected movements.

These patterns are not a guarantee of success, but if you learn to read them and combine them with other tools, they will become a good part of your trading arsenal. The main thing is practice and discipline.