What is a Bitcoin Downtrend?
Down Bitcoin trend is when the bitcoin trading price of a chart is moving lower & lower. Bitcoin btcusd prices generally close lower than they opened.
How to Trade Downwards BTC/USD Crypto Trend: BTC/USD Crypto traders use the downward btcusd crypto trend direction to open sell trade bitcoin cryptocurrency trades
Downward BTC/USD Crypto Trend
Drawn using a downwards crypto trend-line
What is Downwards Crypto Trend? - What is Crypto Downtrend? - What is Downtrend?
The MT4 software platform provides charting tools for drawing trends on charts. To draw trend on crypto charts traders can use the bitcoin trend-line plotting tool provided in MT4 platform software that is shown below.
Meaning of a Crypto Downward Trend and Explanation of Crypto Trading Down
To draw a downwards bitcoin trendline on MT4 and choose point A where you want to start drawing & then point B where you as the trader want the it to touch. You also can right-click the trend-line & on the properties option choose the option to extend the ray by ticking 'ray check box', if you do not want to extend it, then untick this option in your bitcoin crypto platform.
The btcusd crypto trend is your friend. Is a popular saying among btcusd crypto traders because you should never go against it. This is the most reliable btcusd technique to trade because once bitcoin prices start to move in one direction they can move in that direction for quite some time in what is known as a trend.
Principles of How to Draw and Define Bitcoin Trend
Use bitcoin candle-stick charts
- The points which are used to draw are along the highs of the btcusd price bars in a falling downwards market. A downwards bearish bitcoin trend move is defined by lower highs and lower lows.
- The points used to draw the btcusd crypto trend-lines are extreme points - the high or the low btcusd crypto trading price. These bitcoin trading price extremes are important because a close beyond the extremes tells bitcoin traders that the bitcoin trend may be changing. This is an exit btcusd crypto trade signal.
- The more often a down-wards bitcoin trend is tested by bitcoin trading price but it is not broken, then the more powerful the downward bitcoin trend signal.
Learn More Lessons & Topics:
- How Do I Save a MT5 Trading BTC USD Chart Template in MT5 Platform?
- MT4 Open Real Account Guide of How to Open MT4 Real BTC USD Account
- How Do I Analyze MT4 Fibo Extension in MT4 Platform
- How to Trade with Candle Trade in MetaTrader 4 BTCUSD Charts
- How Do I Interpret MT4 Bitcoin Pending Orders in MT4 Platform Software?
