Trade Bitcoin Trading

What is an Explanation of a Downward Bitcoin Trend?

Explain How to Find the Direction of Bitcoin When Price is Going Down

How Can I Tell a Bearish Bitcoin Trend? - How Can I Define a Bearish Bitcoin Trend?

A bearish bitcoin trend, or a bitcoin trend that goes down, happens when bitcoin prices end the day with lower highs and lower lows. This is what a bearish trend means.

The example illustrated below defines the bearish bitcoin trend setup

Spot a bearish Bitcoin trend - Identify bearish trends - Draw trend lines on Bitcoin charts

Simple Way to Identify Bitcoin Bearish Bitcoin Trend & Downward Bitcoin Trends

Bitcoin trends represent the movement patterns of BTC/USD prices in a particular direction over a specific period.

During a confirmed Downward Bitcoin trend, the price action for Bitcoin will generally move in a downward direction across the market.

This means bitcoin prices will close lower than where they opened.

Trading Identify Bitcoin Downwards Trend

A downwards bitcoin trendline is drawn above the downward bitcoin trend setup formed by consecutive lower highs, the downward btcusd trend line must join at least 2 highs, with the recent most high being lower. For our down bitcoin trend illustrations we shall use the MT4 analysis software charts to illustrate example of the downwards trend.

Since bitcoin price moves downwards in a zig-zag manner bitcoin traders normally draw a downward bitcoin trendline which shows the general downward bitcoin trend direction. In crypto currency technical analysis, this overall direction is known as the TREND by crypto traders. In trading analysis definition we can define this downwards btcusd trendline is drawn on Bitcoin chart showing the resistance areas (bearish direction).

Understanding a Bitcoin Downtrend - Defining a Bearish BTCUSD Trend

Meaning of a Down-ward Trend

A bearish bitcoin downtrend shows bitcoin prices hit lower highs and lows. Each high drops below the last one. Each low falls under the prior low. This points to a falling bitcoin price.

Down Bitcoin trend bitcoin trend-lines gain more validity each time bitcoin price touches the downward bitcoin trend line but does not penetrate the downward bitcoin trend-line. A down bitcoin trend bearish market remains the general trend direction til this sequence of lower highs and lower lows is broken - bitcoin trendline break.

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