KNOWLEDGE ABOUT CRYPTO
Do Your Own Research (DYOR) is a slang term used to emphasize the importance of conducting thorough research and due diligence into a cryptocurrency coin or token before making any trading or investing decisions. Cryptocurrencies are highly speculative assets with volatile pricing and numerous scams.
Wimagehat do “bullish” and “bearish” mean?
Candlestick patterns are used by crypto traders to attempt to predict whether the market will trend “bullishly” or “bearishly.” “Bullish” and “bearish” are terms that traders use to describe positive or negative price movements in asset markets.
A bull market means that prices are on the upswing, the term originates from the assumption that stock prices would rise and there is a price recovery of about 20% from a market bottom - a bull throws the prices up into the air with his horns. A bear market, on the other hand, indicates a price decline of about 20% from a market top and the name originates from the analogy of a bear beating the prices down with its paws.
During bullish market sentiment, traders anticipate further price increases. Here in this article, we will show you a few examples of bullish candlestick patterns to help you understand how to predict possible upcoming positive price action for assets.
Besides monitoring and analysing candlestick patterns, it is just as important for traders to utilise other other trading indicators, to research an asset’s historical price movements and further candlestick patterns in a chart.
