ASSETS TREND MOVEMENT IN CRYPTOCURRENCY MARKET TRADING

Hello to you all in this great community and in this wonderful platform today. I greet you all in good spirit and I want to believe that you all are doing just well today and if so we give God the praise for the sustenance of life and good health.

It is an amazing week and I will like to start this week with an interesting topic which I have titled today as TREND MOVEMENT IN THE CRYPTOCURRENCY MARKET TRADING. As traders of the digital currency, it is expedient that we understand the trend movement and what it entails.

A lot of newbies in this wonderful platform have the intention of trading cryptocurrency but what is stopping them from doing that is the lack of understanding regarding trading and also not knowing how and when to make an entry order.

Today's discussion will help to widen their perspectives regarding how to do that and also they it will help as many who are interested in trading to understand the concept of trend breakout in cryptocurrency market trading. So why not sit tight and relax as I begin the discussion of the day. I wish you a happy reading.

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Trading cryptocurrency assets in the cryptocurrency market deals with the understanding of the digital market and how things are carried out especially understanding the strong hands in the market as though they are the ones controlling the digital assets prices.

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Small traders on the other hand which are you and me tends to predict the movement of the cryptocurrency asset with the help of certain tools when making a fundamental analysis of an asset in the cryptocurrency market. This include looking at the chart and making use of the adequate tools and indicators which helps to look into the market vividly to make sure of what is happening in the market.

This brings us to the main discussion of the day as we get to understand the meaning and concept of trend movement.

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WHAT IS THE MEANING OF TREND MOVEMENT IN CRYPTO MARKET TRADING?

The word trend movement in a normal phenomenon can be seen as the ability by which a particular thing moves or gets popular in a specific area and time. The word is not far from what we are talking about today.

Trend in cryptocurrency can be seen as the movement of an asset on a given direction within a specific sequence and timeframe. It can also be seen as the scenario ot pattern by which an asset tends to maintain in the cryptocurrency market trading at a given point in time.

Now trend movement in cryptocurrency trading is classified in two(2) ways and they are called the uptrend asset movement and the downtrend asset movement. These are the two major trend movement which cryptocurrency assets maintains in the cryptocurrency market and I will be explaining them one after another.

THE UPTREND ASSET MANAGEMENT

The uptrend asset movement in cryptocurrency market trading is seen as the scenario by which the price value of an asset maintains a bullish movement whereby we get to see green candlesticks facing an upward direction. This implies that the price of an asset is rising and as such it is considered as an uptrend movement in the cryptocurrency market.

This attest to the fact that a given asset is gaining value as more traders are in the market executing a buy trade and increasing the purchasing power which in turn depicts higher highs as we get to notice strong and long green candle sticks in the market with a high volume.

When all of these are noticed in the cryptocurrency market chart with the aid of certain tools to confirm the movement, it means that there is an uptrend movement regarding the value of the said digital currency in the cryptocurrency market trading and hence it is denoted as an uptrend movement in asset price value.

THE DOWN TREND MOVEMENT

Just as we have talked about the uptrend asset movement, the downtrend movement is the opposite of the uptrend movement. The downtrend movement is a scenario by which the price of an asset continue to decline in price and as such it depicts lower lows as it continues to depreciate in price value in the cryptocurrency market trading.

This is seen when we get to see red candle sticks which represents a decline in asset price value and as such we get to notice a strong and long red candle sticks facing downward depicting lower lows that are lower than the previous lows and when this is noticed in the cryptocurrency market it is said to be a downtrend movement.

A downtrend movement in asset price value is mostly caused by strong hands or large holders of a particular asset. Let's take an example of the largest cryptocurrency which is the Bitcoin. The Bitcoin cryptocurrency will only fall when large holders of the said currency let go of it.

That is to say if the large holders of the said asset tends to sell their asset off. There would be a huge fall of the cryptocurrency asset and hence the will lead to a huge depreciation in price and this is likely to affect other cryptocurrencies.

This also can lead to a downtrend movement in cryptocurrency assets which is called the bear market and the bear market is when all the cryptocurrency assets are depicting lower lows in the market as a result of the decline in price of the Bitcoin. As the largest cryptocurrency, it dictates the price of most cryptocurrencies in the digital market and that is why when it is been affected, most cryptocurrencies are affected too.

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CONCLUSION

Trend movement is the movement of an asset in a given direction in the cryptocurrency market trading and this movement is enhanced by the activities or actions of traders in the cryptocurrency market.

The trend movement can either be an uptrend movement which depicts a higher high in cryptocurrency asset price as traders executes a buy entry trade and it can also be a downtrend which is influenced by traders activities when they place a sell trade order which entails selling off their cryptocurrency assets in the cryptocurrency market trading.

Thank you all for your time, I hope this discussion was beneficial to you. I will see you all shortly.