How to Draw Bitcoin Trend Lines Technical Analysis
How to Draw BTCUSD Trendlines in MT4 Platform
The MT4 software provides crypto charting tools for drawing the bitcoin trend lines on MetaTrader 4 cryptocurrency charts. To draw bitcoin trendlines on a cryptocurrency chart in MT4 platform, cryptocurrency traders can use the bitcoin trendline plotting tool provided in the MetaTrader 4 software that is shown on the cryptocurrency trading example illustrated below.
How to Draw Crypto Trend Lines & Analysis of Crypto Trend Lines in Crypto Trading
How to Draw Bitcoin Trendlines on MetaTrader 4 - How to Draw Bitcoin Trend-Lines Technical Analysis
To draw bitcoin trendlines on a cryptocurrency chart - just click the MT4 bitcoin trendline drawing tool above on the MetaTrader 4 technical analysis software and select point A where you want to start drawing the bitcoin trend line and then point B where you want the bitcoin trend line to touch. You can also right-click on the bitcoin trend line & on the bitcoin trend line properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend the bitcoin trend-line, then uncheck this option in your MT4 platform - bitcoin trend line properties. You can also change other bitcoin trend line properties such as color and width on this bitcoin trend line property popup window of the bitcoin trend line properties. You can download MT4 cryptocurrency trading and learn how to draw bitcoin trend-lines & learn bitcoin trend-line technical analysis with it.
Bitcoin Trading Analysis of Bitcoin Trend Lines with Examples
There are two technical analysis methods used to trade the bitcoin trend lines:
- BTCUSD Trend-Line Break
- Bitcoin Trend Line Bounce
How to Draw BTCUSD Trend Lines & Analysis of BTCUSD Trend Lines in BTCUSD Trading
The bitcoin trend-line bounce is a continuation cryptocurrency signal where the bitcoin price bounces off the bitcoin trend line and continues in the same direction as that of the cryptocurrency trend.
Bitcoin Trend-line Bounce Technical Analysis in Bitcoin Up Trend
- In an upward bitcoin trend, the bitcoin price will bounce upwards after hitting this crypto upward bitcoin trendline level which is the support level.
Bitcoin Up Trend - Bitcoin Trendline Bounce after Touching The Support Levels Provided by the Upwards Bitcoin Trend Line
Bitcoin Trendline Bounce Technical Analysis How to Draw Crypto Trend Lines & Analysis of Crypto Trend Lines in Crypto Trading
BTCUSD Trend-line Bounce Technical Analysis in Bitcoin Down Trend
- In a downward bitcoin trend, the btcusd trading market will bounce downwards after hitting this bitcoin trendline level which is the resistance level.
Bitcoin Down Trend - Bitcoin Trendline Bounce after Touching The Resistance Levels Provided by the Downwards Bitcoin Trend Line
Crypto Trendline Bounce Technical Analysis How to Draw Crypto Trend Lines & Analysis of Crypto Trend Lines in Crypto Trading
How to Draw BTCUSD Trend Lines & Analysis of BTCUSD Trend Lines in BTCUSD Trading
The bitcoin trend-line break is a cryptocurrency reversal trading signal where the btcusd trading market goes through the bitcoin trend line and starts moving in opposite direction.
Bitcoin Trend Line Break Technical Analysis
When a up bitcoin trend line is broken then sentiment of the btcusd market reverses & becomes bearish
How to Draw Crypto Trend Lines & Analysis of Crypto Trend Lines in Crypto Trading
Bitcoin Trend Line Break Technical Analysis
When a down bitcoin trend line is broken then sentiment of the bitcoin reverses & becomes bullish
How to Draw Crypto Trend Lines & Analysis of Crypto Trend Lines in Crypto Trading
NB: for very strong bitcoin trends, after this bitcoin trendline break reversal bitcoin trading signal, the bitcoin price will consolidate for some time before moving in the opposite bitcoin trend direction. For short term cryptocurrency market trends then this bitcoin trendline break reversal cryptocurrency signal will mean bitcoin price may reverse immediately.
