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What is an Example of a Bitcoin Trend? Identifying Trends in Bitcoin Trading

A bitcoin trend in bitcoin trading is the tendency of bitcoin prices to move in a particular direction for a period of time in a general direction upwards or downward.

Trends can be interpreted using bitcoin trendlines.

Bitcoin Trend line analysis helps the traders to define the direction of the price. Bitcoin Trend lines connect a series of bitcoin price highs or bitcoin price lows forming a slanting bitcoin trend that represents the general movement of the bitcoin price.

For an upward sloping line this is referred to as an up bitcoin trend - bitcoin trendline drawn is referred to as an upwards bitcoin trendline.

For a downwards sloping line this is referred to as a down bitcoin trend - bitcoin trendline drawn is referred to as an downwards bitcoin trendline.

Upwards BTCUSD Trend Line

An upwards bitcoin trendline is drawn below the upwards sloping pattern by connecting/joining at least two lows. This will draw a bitcoin trendline which explains the general direction of the market price upwards.

The example illustrated below shows how bitcoin price moves when it's heading in an up-ward trend. The bitcoin price will move up forming support regions.

Since the btcusd market moves in a zig-zag manner bitcoin traders normally draw a bitcoin trend-line which displays the general upwards bitcoin trend direction.

What's an Example of a BTCUSD Trend? Identifying Trends in Bitcoin - BTCUSD Trend Definition - BTCUSD Trend Strategies

What's an Explanation of a Trend? Identifying Trends in Crypto Currency - Crypto Trend Definition

An up bitcoin trend occurs when the bitcoin price makes consecutive higher bitcoin price highs & higher bitcoin price lows. Each bitcoin price high is higher than the prior bitcoin price high - higher high: HH, and each bitcoin price low is higher than the prior bitcoin price low - higher low: HL.

Up bitcoin trend-lines gain more validity each time bitcoin price touches but does not penetrate it. An up bitcoin trend remains intact until this series of higher bitcoin price highs & higher bitcoin price lows is broken - bitcoin trend line break reversal bitcoin trade signal.

Downwards BTCUSD Trend Line

A downward bitcoin trendline is drawn above the pattern formed by consecutive lower highs, it must join at least 2 highs, with most recent high being lower.

Since bitcoin price moves down in a zigzag kind of manner traders usually draw a line which displays the general downward direction. In bitcoin cryptocurrency market analysis, this overall direction is known as the BTCUSD CryptoCurrency TREND by traders. This down bitcoin trendline is drawn on Bitcoin chart showing the resistance areas (bearish bitcoin trend market move direction).

What's an Explanation of a Bitcoin Trend? Identifying Trends in Bitcoin - Bitcoin Trend Definition - Bitcoin Trend Strategy

What's an Example of a Trend? Identifying Trends in Crypto Currency - Crypto Trend Definition

A down btcusd crypto trend occurs when the btcusd crypto price forms and makes a series of lower highs and lower lows. Each btcusd crypto price high is lower and lesser than the previous and prior btcusd crypto price high - lower high, & each bitcoin crypto price low is lower than the previous and prior bitcoin price low - lower low: LL therefore showing bearish bitcoin crypto price movement.

Down bitcoin trendlines gain more validity each time bitcoin price touches/tests but doesn't penetrate the bitcoin trendline. A down bitcoin trend remains the general direction til this series of lower bitcoin price highs & lower bitcoin price lows is broken - bitcoin trend line break reversal bitcoin trade signal.

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