5. Bitcoin Highs and Lows

 

＊All highs: Points in the most recent high price range

＊All lows: The point in the most recent lowest price range

 

Highs and lows are easy. You can trade and sell just by looking at these highs and lows, but the most basic material is to analyze the chart using other indicators.

 

 

 

 

If you look at the chart above, blue is the low and red is the high. For example, if the highs and lows are rising and falling repeatedly, it is called a bullish market.

 

Conversely, a downward trend while continuing to lower the low is referred to as a cascade decline, which is a downtrend.

 

If you look at the chart above, it is a 4-hour Bitcoin bar. After 20:00, it is running a triangular convergence pattern with highs lowering and higher lows. When this triangle converges, a strong decline or strong rise can be predicted.

 

In addition, chart analysis is possible using the highs and lows in various ways.