CRYPTO MECHANIC
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Identifying the shift in trend
No trend lasts forever and this is where people lose most amount of their money.
If people are bearish and the trend shifts to bullish they do not accept it and keep shorting the market.
And if people are bullish and the trend shifts they don't accept it and keep buying the dips.
How can you identify a trend shift?
In this post we will talk about bullish trend break.
when the market breaks a bullish trend you will see it will break below the higher low (The uptrend it was maintaining) on the high timeframe. The best one you can use is weekly and daily timeframe.
Once price does that you can shift your bias from being bullish and wait unless if you get another bullish confirmation.
Some people like to take profits on their buys as trend breaks or some people like to open shorts depending on the type of traders they are and depending on how they want to trade.
Be bullish when the market is bullish
Shift your bias when the trend shifts.
This is the only way to survive and be a profitable trader.
No trend lasts forever and this is where people lose most amount of their money.
If people are bearish and the trend shifts to bullish they do not accept it and keep shorting the market.
And if people are bullish and the trend shifts they don't accept it and keep buying the dips.
How can you identify a trend shift?
In this post we will talk about bullish trend break.
when the market breaks a bullish trend you will see it will break below the higher low (The uptrend it was maintaining) on the high timeframe. The best one you can use is weekly and daily timeframe.
Once price does that you can shift your bias from being bullish and wait unless if you get another bullish confirmation.
Some people like to take profits on their buys as trend breaks or some people like to open shorts depending on the type of traders they are and depending on how they want to trade.
Be bullish when the market is bullish
Shift your bias when the trend shifts.
This is the only way to survive and be a profitable trader.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.