What is "bulls" and "bears" on crypto market?
What is "bulls" and "bears" on crypto market?
Bulls and bears - the common name of market participants who play to increase or to lower the exchange rate.
Bulls are traders trying to make money on growth. The name comes from the fact that the bull in the attack raises his opponent's horns up.
Bears are traders who earn on the fall of the market. Bears are attacking their opponent pressing him to the ground, hence the analogy.
When a lot of people buy on the market, the coin rate grows, such a market is called "bullish". If sellers predominate, the market is called "bearish". The image of bears and bulls came to cryptornics from traditional financial markets.
*On Wall Street, even a monument to the bull.
But the animals do not end there. Still there are "rabbits" - guys who conclude a large number of transactions in a short period of time.
Wolfs are traders with a lot of experience and a history of "tough" deals.
Pigs are too "greedy" guys, holding a profitable position, despite the fact that everything says about the need to sell.
Moose is a trader who suffers heavy losses. Moose moose - means to sell an asset in a minus.
Sheep - for too long hesitate and enter the market when others have already sold everything.
Bulls are going full throttle,
not stopping them.If this triangle is a real one, the target was just hit, but it's does't matter to the bulls they just keep on buying and buying. I have to admit, i underestimated the strength of the Bitcoin bulls. I thought it was too soon because the alts were still not really backing up the sentiment. But looks like all eyes are on bitcoin at the moment.
Don't think it's possible to pin point a resistance, because nobody seems to care about resistance levels at the moment. Even though the chances are very high a high for now has been set, but no way i would even think about shorting it here.
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