What is a Bitcoin Trend?
A bitcoin trend is the tendency of bitcoin prices to move in one specific direction for a certain period of time.
Bitcoin bitcoin prices generally move in trends, the bitcoin trend direction can be either upwards or downward.
Bitcoin Traders use bitcoin tools such as bitcoin trend lines to identify bitcoin trends.
Bitcoin Trend lines help to define entry and points to exit trade positions that are open by traders.
The bitcoin trend line define the btcusd market bitcoin trend & as long as bitcoin prices continue to move within the bitcoin trend line the online traders will keep their trade open. Bitcoin traders will only close their open bitcoin trade once the bitcoin prices stop moving within the bitcoin trendlines.
The 2 types of bitcoin trends are:
Upward Bitcoin Trend - Drawn using an upwards bitcoin trend line
Downward Bitcoin Trend - Drawn using a downward bitcoin trendline
Upward Bitcoin Trend
Tutorial: How to Draw & Trade Upward Bitcoin Trend
Drawn using an upward crypto trend-line
Downwards BTCUSD CryptoCurrency Trend
Tutorial: How to Draw & Trade Downward Bitcoin Trend
Drawn using a downward crypto trend-line
The MT4 software provides charting and trading tools for drawing trends on charts. To draw trend on crypto charts traders can use the bitcoin trendline plotting tool provided in MT4 platform software that is shown below.
Definition and Meaning of a Crypto Trend and How to Trade a Crypto Trend
To draw a bitcoin trendline in MT4 platform software and choose point A where you want to start drawing & then point B where you want the it to touch. You also can right-click the trendline and on the properties option choose the option/choice to extend the ray by ticking 'ray check box', if you don't want to extend it, then untick this option on your bitcoin software.
The btcusd crypto trend is your best friend. Is a popular saying among bitcoin traders because you as a bitcoin trader should never trade against it. This is the most reliable bitcoin method to trade Bitcoin 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 & Define Bitcoin Trend
Use bitcoin candle charts
- The levels used to plot the bitcoin trend are along the lows of the btcusd crypto price bars in a upward market. An upwards bullish btcusd crypto trend move is defined by higher highs & higher lows.
- The points used to draw are along the highs of the bitcoin crypto price bars in a falling downward market. A downwards bearish bitcoin trend move is defined by lower highs & lower lows.
- The points used to draw the bitcoin crypto trend-lines are extremes points - the high or the low btcusd crypto price. These bitcoin price extreme are crucial and important because a close beyond the extreme tells bitcoin traders that the bitcoin trend might be changing. This is an entry or an exit btcusd crypto signal.
- The more times a bitcoin trend is tested by bitcoin price but it isn't broken, then the more powerful the btcusd crypto trend signal.
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