Down Trend Phase of Crypto Markets Explained
5. Downtrend/Markdown Phase
Characteristics:
• Prices decline steadily.
• Bearish sentiment prevails.
• Media coverage becomes negative or fearful.
Expectations:
• Lower lows and lower highs in price charts.
• Panic selling by retail investors.
• Market corrections can be sharp and severe.
Key Indicators:
• Break down from the distribution phase's price range.
• Decreasing trading volumes as panic selling subsides.
• Oversold signals from technical indicators (e.g., RSI, MACD).
• Negative news and developments in the crypto space.
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