Bitcoin Trading Analysis for Beginner Traders

Bitcoin Trend Line Trading

A bitcoin trend-line can be an upwards bitcoin trend-line or a downward bitcoin trend line.

An up bitcoin trendline is plotted by connecting 2 lows and the bitcoin trading price lows are connected using a straight line. This straight line shows that bitcoin trading prices are heading upward because this bitcoin trend line slopes upwards - hence its name upward bitcoin trend line. Bitcoin traders then use this bitcoin trendline as the support level of the bitcoin trading price. New buy cryptocurrency trades are opened once the bitcoin trading price touches the upwards bitcoin trend line.

A down bitcoin trendline is plotted by connecting 2 highs and the bitcoin trading price highs are connected using a straight line. This straight line shows that the bitcoin trading prices are moving downward because this bitcoin trend line slopes downwards - hence its name downward bitcoin trend line. Bitcoin traders then use this bitcoin trend line as the resistance zone of the bitcoin trading price. New sell cryptocurrency trades are opened once the bitcoin trading price touches the downward bitcoin trend line.

Tutorial: How to Draw & Trade Upward Bitcoin Trend Line - Bitcoin Trading Analysis for Beginners

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Tutorial: How to Draw and Trade Downward Bitcoin Trend-Line - Bitcoin Trading Analysis for Beginners

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