Trade Bitcoin Trading

How Do I Draw BTCUSD Trend Lines for Intraday BTCUSD Crypto Currency Trading?

How to Draw Bitcoin Trendlines for Intraday Bitcoin Charts

Examples 1: How to Draw Upwards Bitcoin Trendlines for Intraday Bitcoin Trading

To draw an up-wards bitcoin trendline on a trading chart use 2 support points in a bullish upward bitcoin trend so as to plot the upwards bitcoin trend-line & then extend the bitcoin trend-line as shown below. Upwards bitcoin trendline on a chart will show the general direction of bitcoin prices & as long as bitcoin price is above this upward bitcoin trend-line then the upwards bitcoin trend will remain intact - bullish up btcusd trend.

If bitcoin prices move below the intraday crypto upward bitcoin trend-line which is the support level for the bullish upwards bitcoin trend then traders should close all their open trades - because this might be a trend reversal signal. In an upward bitcoin trend trading price should generally stay above the support area which is marked by the upward intraday bitcoin trend line.

How to Draw Bitcoin Trendlines for Intraday Bitcoin - Up Bitcoin Trendline

How Do I Draw Upwards Bitcoin Trendlines for Intraday Bitcoin Trading?

How to Draw Up-wards Crypto Trendlines for Intraday Crypto Trading

Example 2: How to Draw Down-ward Bitcoin Trendlines for Intraday Bitcoin Trading

To draw a down-wards intraday bitcoin trendline on a chart use 2 resistance points in a bearish downward bitcoin trend so as to plot the downwards bitcoin trend-line & then extend the bitcoin trend-line as illustrated below. Downward bitcoin trendline on a chart will show the general direction of bitcoin prices & as long as bitcoin price is below this downwards bitcoin trend line then the downwards intraday bitcoin trend will remain intact - bearish down btcusd trend.

If bitcoin prices move above the downwards bitcoin trendline which is the resistance area for the bearish downwards bitcoin trend then traders should close all their open trades - because this might be a trend reversal signal. In an downwards bitcoin trend trading price should generally stay below the resistance area which is marked by the downward intraday bitcoin trend line.

How to Draw Bitcoin Trendlines for Intraday Bitcoin - Down Bitcoin Trendline

How to Draw Down-wards Bitcoin Trendlines for Intraday Bitcoin Trading

How to Draw Down-ward Crypto Trendlines for Intraday Crypto Trading

How to Draw Bitcoin Trendlines for Intraday Bitcoin in MT4

The MetaTrader 4 platform provides charting tools for drawing the bitcoin trend lines on charts. To draw intraday bitcoin trendlines on a crypto chart, cryptocurrency traders can use the bitcoin trendline plotting tool provided in MetaTrader 4 software that is shown below.

How Do I Draw Bitcoin Trendlines for Intraday Bitcoin on MetaTrader 4?

How to Draw Crypto Trendlines for Intraday Crypto Trading on MetaTrader 4

To draw bitcoin trendlines on a trading chart - just click the bitcoin trendline drawing tool above on MetaTrader 4 analysis software and select point A where you want to start drawing and then point B where you want the btcusd crypto trend line to touch. You also can rightclick on the bitcoin trendline & on the btcusd trend-line properties option choose the option to extend its ray by ticking "ray check box", if you do not want to extend the btcusd crypto trend line, then uncheck this option in your MT4. You can also change other bitcoin crypto currency trend-line properties such as colour and width on this bitcoin crypto currency trend-line property popup window panel of the btcusd crypto trend line properties. You can download MT4 cryptocurrency trading & learn how to draw bitcoin trendlines with it.

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