HAS THE MARKET REALLY #uptrend ?
Many of you have asked me this question, however, I personally
do not pay much attention to whether the market is in an uptrend or downtrend. The most important thing for me is whether I can make
money or not, regardless of what trend the market is in.
In reality, the concepts of uptrend and downtrend can be very relative and depend on each person's strategy. For example, if you focus on trading BTC, you may have experienced a prolonged uptrend over the past year as the price of Bitcoin has continuously grown or fluctuated in high ranges. But if you mainly trade altcoins, you might still feel like you are in a downtrend, as many altcoins have not seen significant recovery and even continue to decrease in price.
Therefore, uptrend or downtrend is not the only determining factor. For one person, the market may be an uptrend, but for another, it might be a downtrend. The best way to define a market trend is to relate it to actual profits: if you make money, that is your own uptrend, but if not, then no matter how much the market rises, it is still a downtrend for you.
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