Many cryptotraders are waiting for the bull run and they think that bull market is the only way to make profit in trading. But for me TREND is our FRIEND. You can make profit even in the bear market situation. Always apply the buying low and selling high at your preferred percentage or profit. Timing is everything if you will wait for the bull market you probably lost hope in trading. Trading is far different from holding. Those who wait for bull market are holders but if you are a trader you can make profit in bear market. The elements of good trading are cutting losses. Bullishness and bearishness represent an emotional commitment. You should have a good market analysis to gain success in trading. According to Alexander Elder, "Our goal is to trade well, not to trade often."
You had made valid point here as regards trend trading I am also a trader who had mastered how to identify trend in TA mostly using higher high, higher low, lower high and lower low HH,HL,LL and LH with and MOVING AVERAGE indicator this had been very helpful because its very advisable to trade along with trend irrespective of whether the market is bullish or bearish however one of the greatest mistake of some traders is countertrading i.e trading against the trend which is very counterproductive and had burnt or vipe off a lot of accounts,
However getting to identify trends requires a lot of training and practice but with dedication and hardwork such knowledge wouldn't take long to be achieved.
