❇️The Trend is Your Friend! 📈📉
📏 Master the Trend: How to Draw Trendlines Like a Pro!
❇️If you don’t know where the market is going, you’re just gambling. Today, let's learn how to draw Trendlines to see the "Big Picture"! 🗺️
What is a Trendline?
It’s a diagonal line that connects the price points on a chart to show the overall direction of the market.
1. Uptrend (The Ascending Line) 🟢
✳️How to draw: Connect at least two Higher Lows (the "bottoms" that keep moving up).
✳️What it means: Buyers are in control. Every time the price touches this line, it acts as a Support and bounces back up! 🚀
2. Downtrend (The Descending Line) 🔴
✳️How to draw: Connect at least two Lower Highs (the "peaks" that keep moving down).
✳️What it means: Sellers are in control. This line acts as a Resistance, pushing the price down whenever it tries to rise. 🐻
The Golden Rules of Trendlines: 📜
✳️Two points make a line, three points confirm it! The more times the price touches the line without breaking it, the stronger the trend. ✅
✳️Don't force it! If the line doesn't fit the chart, don't try to make it fit. A valid trendline should be obvious. 🧩
✳️Steepness: If a trendline is too steep, it's likely to be broken quickly. Sustainable trends are usually at a moderate angle.
What happens when a Trendline breaks? 💥
When the price closes strongly on the other side of a trendline, it's a huge signal that the trend is changing! (Remember to wait for the Retest we talked about yesterday! 😉)
💡 Pro Tip: Use the "Logarithmic" scale on your Binance charts for long-term trendlines. It gives a much clearer view of price action over months and years! 📊
Current Market Check: Is your favorite coin in an Uptrend or a Downtrend right now? Draw a line and tell me what you see! 👇
#CryptoEducation💡🚀 #uptrend #Downtrend $BTC
