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How to identify bull and bear trends in cryptocurrency
However, cryptocurrency navigation around the world of cryptocurrencies may be stunning, especially as regards the identification of bull and bear trends. In this article,
** What are the bulls and bear trends?
Before we immerse ourselves in the specifics of the identification of bull and bear trends, we define what they mean:
* Bullish Trend : Bullish trend is an extended period of ascending momentum at the price of cryptocurrency. During this time prices tend to move higher bullish trends often occur when investors believe this
* Bearish Trend : Bearish Trend is an extended period of declining dynamics at the price of cryptocurrency. During this time, prices tend to move lower and investors are encouraged to sell more coins. Bear trends often occur when investors believe
Identification of bull trends
So how can you identify bull trends in cryptomena? Here are several key indicators:
- Movement of prices : good emblem of bull trend.
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- Support levels :
- Reduction of market volatility : Reducing market volatility is often a sign of trust among investors, which may indicate a bull trend.
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Identification of bear Trendy
On the contrary, it requires identification of teddy bear trends and another set of indicators:
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- resistance levels :
- Increase in market volatility :
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Tools to help you identify bull and bear trendy
Cryptom markets, use the following tools:
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Conclusion
The identification of bull and bear trends in cryptomenia requires a combination of technical analysis, market research and critical thinking.