Crypto Academy / S5W1- Homework Post for @reminiscence01

Dear Brothers and Sisters.

I welcome everyone to the first week of Season 5 in the Steemit Crypto Academy. My self @afzu and 33 year old. I have joined recently with steemit so need your help to understand completely of this platform for help to humanity and grow myself and others.

We will discuss over here about the different types of trending of crypto market fluctuations that while it up trands and down trends with the help of following pictures.

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Introducing Trends

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The crypto market can either be in a trending phase or a ranging phase. This condition of the market is a reflection of the forces of demand and supply and also the struggle between the buyers and the sellers. When there's huge demand or more buyers in the market, we tend to see prices going up (bullish trend).

The same case is applied for the bearish trend when we tend to see more sellers than buyers in the market. When the market is ranging, we tend to see prices within a boundary bouncing off support and resistance points.

Now we will understand with this pictures that was easy the rate of TRX in past, currently and what expect future.

TRX continuously growing from last one year but last 3 month it is showing freezing price. But as we see 📈 This shows a good development and increased demand in the entire crypto market. It may grow in six months around the 200%.

When we say the market is trending, we tend to see prices moving in a particular direction either upward or downward. During trending markets, we tend to see prices closing higher than the previous high for an uptrend. Also, during a downtrend, we tend to see prices closing lower than the previous low.

BTC is also growing continuously this is beneficial for market. And the most important is the new people are continually joining and investment in crypto coins.

A popular trading quote says "the trend is your friend".

Bearish Trend

For a bearish market structure, we tend to see the market forming a lower high and a lower low formation. This means that the price fails to close above the previous swing high. Similarly, price breaks the previous low-point which shows strong momentum to the downtime.

This formation leads to a bearish trend until the market fails to create this lower-high and lower-low formation. Then we can anticipate weakness and trend reversal at this point. An example of a bearish market structure can be seen on the chart below.

I don't know I am eligible or not for this contest but I have joined because I was interested to know the market trend. I have grown my knowledge with read about contest details about the fluctuations of market and how to study of this.

Thank you All and Steemit Team.