These are two-way movements used in technical analysis in cryptocurrency markets.
Bullish action on market
In bullish and bearish markets, if each successive price spike reaches higher than the preceding price and each secondary movement is at a higher level than the previous one, the main trend is up, and this market is called bullish market.
Bearish action on market
Conversely, from consecutive prices, if each newly formed price is occurring at lower levels than the previous price, we can say that the main trend is in a downward trend when each secondary movement fails to bring prices back to the previous high, and this market is called bearish market.
0 Yorumlar