What is a bull or a bear market?

Technically speaking, a bull or a bear market occurs when asset prices remain either elevated or depressed, respectively, over a prolonged period of time. It’s generally not considered a by-the-books bull or bear market unless the upswing or downswing is 20% or more.

Are cryptocurrencies in a bear market?

In bear markets, most cryptocurrencies will experience at least some decline in value. Those that fare the best are usually those with the strongest fundamentals. Bear markets are the dread of many new and experienced investors since even established assets can lose much of their value.

Are Bull flags and bear flags a trader's friend?

Bull flags and bear flags can be a trader's friend in strongly trending markets, but they do not always perform as advertised. In some cases, the pattern can present a trap known as a "false breakout" when price breaches the boundary of the flag and quickly retraces.

What is a bull flag pattern?

The flag pattern can be invaluable for a trader in that there are clear points of success and failure to profit or mitigate risk from. If resistance breaks in a bull flag, the trader can be confident price will continue upwards roughly the length of the pole (popularly known as measured height method).