What's 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 trend lines.

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

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

Upward BTCUSD Trend Line

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

The example illustrated below shows how bitcoin trading price moves when it is moving in an upward trend. The bitcoin trading price will move upward forming support regions.

Since the btcusd trading market moves in a zigzag manner bitcoin traders normally draw a bitcoin trendline which shows the general upward bitcoin trend direction.

What is an Example of a Crypto Trend? Identifying Trends in Crypto Trading - Crypto Trend Definition

An up bitcoin trend occurs when the bitcoin trading price makes consecutive higher bitcoin price highs & higher bitcoin trading price lows. Each bitcoin trading price high is higher than the previous bitcoin trading price high - higher high, & each bitcoin trading price low is higher than the previous bitcoin trading price low - higher low.

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

Downwards BTCUSD Trend Line

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

Since bitcoin trading price moves down in a zigzag manner traders normally draw a line which shows the general downward direction. In btcusd market technical analysis, this general direction is referred to as the Bitcoin Trading TREND by cryptocurrency traders. This down bitcoin trend-line is drawn on Bitcoin chart showing the resistance areas (bearish bitcoin trend market direction).

What is an Example of a Crypto Trend? Identifying Trends in Crypto Trading - Crypto Trend Definition

A down bitcoin trend occurs when the bitcoin price forms a series of lower highs & lower lows. Each bitcoin trading price high is lower than the previous bitcoin trading price high - lower high, & each bitcoin trading price low is lower than the previous bitcoin trading price low - lower low therefore showing bearish bitcoin trading price movement.

Down bitcoin trend-lines gain more validity each time bitcoin trading price touches but does not penetrate the bitcoin trend line. A down bitcoin trend remains the general direction until this series of lower bitcoin price highs & lower bitcoin trading price lows is broken - bitcoin trendline break reversal bitcoin trade signal.