This question is often asked by those who are looking to trade on the currency markets. Many people are either bearish or bullish on the price of this currency. This will make it difficult for them to find an answer.
Bearish traders will look at the short term chart and make a prediction as to when the price will hit a certain level. They will then sell off before that point is reached. On the other hand, bullish traders will look at the long term chart and make a prediction as to where the price is going.
If the long term trend continues and reaches the upside, they will buy more to support the market. However, if the trend reverses to the downside, they will sell all the way down to take advantage of the lower prices.
As it turns out, the long term trend of buying has been much stronger than the short term. However, because of the unstable market conditions, there are still people who are in the wait and see mode.
The long term chart will not always turn up the answer, so a trader needs to be patient. If the market does go up, the person will sell, while if it goes down he will buy.
What the market has been lacking is consistency and predictability. This can be solved once the market becomes more predictable traders can move into profit taking mode. This will only take time, but it is possible to start making money with the current trend. information about the time frame and the trend in play. It is very important that a trader has a clear view of how the market is trending before deciding. Without this knowledge, there is a risk of taking profits or losses too soon.
Once the time frame has been identified, the trader can do some research on how many days the price has gone up and down over the course of the time frame. This can give him an idea as to how strong or weak the trend is.
This will help him determine if the price is showing any potential or if it is trending in a downward direction. If it does, he can look at the next day’s prices and see if it has fallen back or not.
{Tbitcoin bullish or bearish? This is not an easy question to answer, but knowing the answer can make trading easier and more profitable. If the price continues to trend in a downward direction, it is best to continue the trend and stay long term.