- What is Bullish ?
Bullish is a price prediction where the analyst predicts that the price will increase in a relatively short time period. Bullish can be used to describe a stock, trend , market and cryptocurrency. A Bullish is a type of market that indicates the state of the market as it features rising prices. Also known as an upward trend, a bullish market indicates more people are willing to buy than sell – meaning confidence and demand are on the rise. This is an investment scenario where traders and investors believe that the price of a particular asset will go up in value. Bullish investors are looking to buy an asset, or group of assets, in the hope that its value will increase.
In technical analysis, Bullish chart is the most favored, traders normally prepares the bullish chart when it is expected that the price of an asset is likely to rise in future. The bullish chart formation indicates future price direction, i.e., above demand level prices are likely to rise and below supply level prices may fall at some point of time.
- What is Bearish ?
Bearish is a technical indicator that describes a market condition in which the price is falling. A Bearish market is the opposite of a Bullish market, it’s when prices are expected to fall. If you describe your outlook on a stock, it would be that you are bearish if you expect its price to decline, and bullish if you think it will rise in value.
The Bearish is a trading strategy used by traders that involve a short position in the way of pips (i.e. If the current price of the stock/share is trading at $20, I would short sell it for $19.90). By selling first and then buying back my shares later, I win because I receive extra cash if the share price falls.
The bearish chart is a type of trading that has been used by investors, who try to find out when the market will stop falling or start rising, and so they can put an order in the market that suits their needs. This technique involves technical analysis and is based on statistics and data on a specific time.
- How important are Bullish and Bearish markets for cryptocurrency ?
Bullish and bearish markets are important for cryptocurrency because they determine the direction of the market. When there is a bullish market, people trust that the price of their cryptocurrency will go up in the future, so they either buy or sell at a higher price.
On the other hand, when there is a bearish market, people assume that their coin prices will go down further in the future so they sell at a high price and buy at a low price.
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