Cryptocurrency Trading Lecture 5: Market Structure by fatherfaith

hive-167922 · @fatherfaith · Feb 7 '22

Cryptocurrency Trading Lecture 5: Market Structure

Welcome to the 5th lecture on Cryptocurrency Trading. Today I am going to discuss Market Structure. But before I continue, I will love to do a quick recap of what we have discussed in the previous 4 lectures.

I started by introducing what financial market is. I discuss the different types of financial market, I also explained what instruments are and what tickers are. I discuss the 3 types of analysis which are technical analysis, fundamental analysis and sentimental analysis. 

I have discussed in detail what technical analysis is and the different ways of representing price on the chat in a market which led to explaining candlestick in detail and the different candlestick patterns.

Today we are moving on to **Market Structure**.

Market Structure is the study of the behavior of the market. 
We have 3 types of market which are
- Trending Market 
- Ranging Market
- Choppy Market 

##### Trending Market
There are 2 types of trending market which are Uptrend and Downtrend.

Uptrend is characterised by series of Higher Highs (HH) and Higher Lows (HL)

![price-uptrend.png](https://images.hive.blog/DQmcoPk5Rk2L3f95m4wGSytP2xSpMWHhV4VaMMut84roqNN/price-uptrend.png)
[Source](https://bpcdn.co/images/2020/05/20184808/price-uptrend.png)

Downtrend is characterized by series of Lower Highs (LH) and Lower Lows (LL)

![price-downtrend.png](https://images.hive.blog/DQmQjQnnvgkCAno3PYD5gXc2eF82yW41aAuDufMhikJipQC/price-downtrend.png)
[Source](https://bpcdn.co/images/2020/05/20185640/price-downtrend.png)

Any move in the direction of the trend is called the **Impulse**. 
Any move that is counter trend is called **Pull Back or Retracement or Corrective or Correction Move**.

![th.jpeg](https://images.hive.blog/DQmfKDnrvkovdnY6kGckd2mPnva71XBNG4j6D1Ec7ceMZ2c/th.jpeg)
[Source](https://tse3.mm.bing.net/th?id=OIP.IoCbAyZfggnjWAkZjHxEzwHaDe)

##### Support and Resistance 
**Support** is the zone where price finds support from falling further. 

**Resistance** is the zone that resist price from going up. 

![support-and-resistance-trading_body_Supportandresistanceimage.png.full.png](https://images.hive.blog/DQmRWR7d4YxZhMeUHEBN6z1eoQAoEhsXmqK4j9XiPK81bdb/support-and-resistance-trading_body_Supportandresistanceimage.png.full.png)
[Source](https://a.c-dn.net/b/2zdUYu/support-and-resistance-trading_body_Supportandresistanceimage.png.full.png) 

##### Trend Line
Trend Line is a line drawn to form a bounding for the price movement in market chart. For a trend line to be valid, we need two or more touches. 

![Screenshot_5-6.jpg](https://images.hive.blog/DQmaXfNvLdBdt6bYCZtzdLjphG4yv8GqiC48335QeeRszMB/Screenshot_5-6.jpg)
[Source](https://www.forex.academy/wp-content/uploads/2021/01/Screenshot_5-6.jpg) 

##### Ranging Market
Ranging Market is a market that has a defined top (Resistance) and Bottom (Support). Price moves sideways.

![What-is-a-Range-Bound-Market.png](https://images.hive.blog/DQmZXUQiKvrTUtEuiZZa3Kp4gZWHtiAYdNofvGEkEspsDof/What-is-a-Range-Bound-Market.png)
[Source](https://forextraininggroup.com/wp-content/uploads/2017/02/What-is-a-Range-Bound-Market.png)

##### Choppy Market
It does a difined top and bottom and the market moves in a tight range. 

![th (1).jpeg](https://images.hive.blog/DQmavUoteJr4Xpv6nC8UTpCJyvVyDenHoNLksRm6tYY1ey8/th%20(1).jpeg)
[Source](https://tse4.mm.bing.net/th?id=OIP.w9Et3nTwt71reQ5n_9e8DAHaEK)

_TO BE CONTINUED..._

***

##### Read up my previous posts on Cryptocurrency Trading
- [Cryptocurrency Trading Lecture 1: Introduction](https://hive.blog/hive-167922/@fatherfaith/cryptocurrency-trading-lecture-1-introduction)
- [Cryptocurrency Trading Lecture 2: Technical Analysis ](https://hive.blog/hive-167922/@fatherfaith/cryptocurrency-trading-lecture-2-technical)
- [Cryptocurrency Trading Lecture 3: Candlesticks](https://hive.blog/hive-167922/@fatherfaith/cryptocurrency-trading-lecture-3-candlesticks)
- [Cryptocurrency Trading Lecture 4: Candlestick Patterns](https://hive.blog/hive-167922/@fatherfaith/cryptocurrency-trading-lecture-4-candlestick)

***

## Thanks for Dropping By !
### Best regards
##### _fatherfaith_

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@fatherfaith/cryptocurrency-trading-lecture-5-market-structure)

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