What is a Bitcoin Downtrend?
Down Bitcoin trend is when the bitcoin trading price of a cryptocurrency chart is moving lower & lower. Bitcoin Trading bitcoin prices generally close lower than where they opened.
How to Trade Downwards Bitcoin Trend: Bitcoin traders use the downwards bitcoin trend direction to open sell bitcoin trades
Downward BTCUSD Trend
Drawn using a downward crypto trendline
What's Downwards Crypto Trend? - What is Crypto Downtrend? - What is Downtrend?
The MetaTrader 4 software provides charting tools for drawing trends on cryptocurrency charts. To draw cryptocurrency trend on crypto charts traders can use the bitcoin trendline plotting tool provided in MetaTrader 4 software that is shown below.
Definition of a Crypto Downwards Trend & Explanation of Crypto Trading Down
To draw a downward bitcoin trend line in MT4 platform and choose point A where you want to start drawing and then point B where you want the it to touch. You can also right click on the trend-line and on the properties option choose the option to extend the ray by ticking the 'ray check box', if you don't want to extend it, then uncheck this option in your bitcoin trading platform.
The bitcoin trend is your friend. Is a popular saying among bitcoin traders because you should never trade against it. This is the most reliable bitcoin trading method to trade Bitcoin Trading 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 candlestick charts
- The points used to plot are along the highs of the bitcoin price bars in a falling downwards market. A downwards bearish bitcoin trend move is defined by lower highs & lower lows.
- The points used to draw the bitcoin trend lines are extremes points - the high or the low bitcoin trading price. These bitcoin trading price extremes are important because a close beyond the extreme tells bitcoin traders that the bitcoin trend might be changing. This is an exit bitcoin trade signal.
- The more often a downwards bitcoin trend is touched by bitcoin trading price but it's not broken, then the more powerful the downward bitcoin trend signal.
