Trends in Crypto Markets
There are three kinds of trends in the market
Dow’s theory also suggests that markets experience three kinds of trends. Primary trends are major market movements and tend to last months or years. Primary trends can either be a bull market, meaning that the prices of assets are moving up over time or a bear market, meaning they are moving down over time.
Within these primary trends, there are secondary ones, which may work against the primary trend. The secondary trends can be pullbacks in bull markets, where asset prices temporarily move back, or rallies in bear markets, where prices temporarily move up before continuing their downtrend.
There are also tertiary trends, which tend to last a week or a little over a week and are often just considered noise in the market that could be ignored, as it won’t affect long-term movements.
