Hey, hey, hey!

I am very glad that you want to learn.

Today we are going to look at the chart, what a bearish and bullish trend looks like and what criteria are used to distinguish it. 

Let me tell you right away, this article is for beginners, so if you are already an experienced trader and understand the basics, you can close the tab. But if you are interested in crypto and want to understand how it works - welcome.

So, in cryptocurrency slang, bulls are called sellers and bears are called buyers. The first and the second are constantly competing with each other: bulls buy a coin and it grows, while bears sell it and push the price down. At the same time, the first and the second are constantly changing places: someone bought cheaper and it is in his interest to sell more expensive, and another trader believes that the price is already at a peak (local or global) and sells the coin. As a consequence, its value falls.

Accordingly, a bullish trend is when bulls win and the price moves up, and a bearish trend is the opposite - bears win and the price moves down.

In practice, it looks like this:

Bullish Trend

Bearish Trend

I took any coin, it was #Dot, and just opened a five-minute timeframe. As you can see, in the first image we have a pronounced bullish trend, and in the second image we have a bearish trend. Of course, on a very localized scale, but still.

What are the criteria for determining? Personally, I believe that the main indicator of the presence of one or another trend is the highs and lows of the price. Some mark them like me - by dots; some draw channels; some draw straight lines, but the essence always remains the same: 

1. In a bullish trend, the highs and lows of the price are rising every time.

2. In a bearish trend, the highs and lows are lower every time.

And although in these images I worked with a five-minute tf, the same scheme is used to distinguish the presence of a trend on daily or hourly charts. 

But here it is important to realize that on a small tf you may have a bullish trend, but if you open a more global chart, for example, a four-hour or daily chart, we will see that the price is actually moving down. 

Therefore, it is necessary to proceed from your trading strategy: if you are a long-term or medium-term investor, open a four-hour, daily or even weekly chart, and look at the maximum and minimum price points - this way you will understand the price movement. Accordingly, it will be possible to take positions based on this.

But if you trade locally, on small tf and every day you want to make a profit, in this case on the hourly, 30 and 15 minute charts determine the price movement and follow it. THERE IS NO NEED TO TRADE AGAINST THE TREND. Our task is to correctly identify the price movement and fall on its tail.

Profit Everyone And See You Soon.
#usefullmaterial #SYCHTEACADEMY #candlestick #bullish #bearish $BTC