The structure of the market.
An Uptrend.
It consists of rising highs (Higher High – HH) and lows (Higher Low - HL)
A downtrend.
It consists of decreasing lows (Lower Low - LL) and highs (Lower High -LH).
Breaking the uptrend.
After the HL update, LL, LH, LL was formed – the trend changed. Each HL shown was formed from local support zones that are not visible on the daily timeframe.
Such minimums are considered a liquidity pool.
Breaking The Downtrend.
The update of the confirmed LH will be a break in the bearish trend, followed by the formation of a higher maximum (HH)$BTC $ETH #ETHETFsApproved #FIT21 #EarnFreeCrypto2024 #btc70k #buythedip
