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How Do I Draw Down-wards Bitcoin Trend Line on the MT4?

Draw Downward Trend Lines for Bitcoin on MT4 Charts

Draw BTCUSD Trend Lines on MT4 Charts Using Trend Tools

MT4 tools for Bitcoin trend lines sit on the charts toolbar. If hidden, go to View near the File menu at top left. Click Toolbars, then check Lines Toolbar.

Displayed and Presented The cryptocurrency MT4 bitcoin trend line plotting charts toolbar is seen below. Simply click on this bitcoin trend line drawing tool to select the location on the chart where you want to create the downward bitcoin trend line.

Draw Downward Trend Lines on Bitcoin in MT4 - Bitcoin Downtrend Lines Guide

How to Draw Downward Trend-Lines on MT4 Platform

How to Draw a Downtrend Line for Bitcoin in MT4

In learning how to draw the downward bitcoin trend lines on cryptocurrency charts, you need to know that when btcusd market is bearish it forms lower lows and lower highs forming a downwards general bitcoin trend direction. These are the points that are used to draw the downwards bitcoin trend-line on MT4 bitcoin charts.

To draw a downtrend for bitcoin, focus on resistance areas. You'll need two resistance points - just like in the example below.

Draw Downward Trendline for Bitcoin in MT4 - Add BTCUSD Down Trend Line on MT4

Drawing a Downwards Trend-Line on the MT4 Platform

How to Draw a Downward Bitcoin Channel in MT4 Platform

Draw a downward channel by making a line parallel to the bitcoin downtrend line. Adjust it to touch the lows of the BTCUSD price action. This creates the channel. As long as bitcoin stays inside, the downtrend holds. The BTCUSD direction stays bearish.

Draw Downward Bitcoin Channel in MT4 - Add BTCUSD Down Trendline on MT4 Charts

Drawing a Downward Channel in the MT4 Platform

Drawing BTCUSD Trend Lines on MT4 Charts Using MetaTrader 4 BTC USD Software Trend Line Tools

More Lessons & Topics:

Bitcoin Broker