Lower Low

A "Lower Low" in crypto refers to a pattern on a price chart where the lowest point of an asset's price in a downtrend is lower than the lowest point of the previous downward movement. It suggests that the selling pressure has intensified, indicating potential further declines in the asset's price.

Example:

Let's say a cryptocurrency, XYZ, has been in a downtrend for some time. Its price reaches $100, then bounces up to $120 before starting to decline again. If the subsequent low is $80, lower than the previous low of $90, it forms a Lower Low pattern. This signals that selling pressure has increased, potentially indicating further decline in XYZ's price.

Cases:

1. Bitcoin's Price Movement:

Bitcoin experienced a Lower Low pattern during the crypto market crash of 2018. After reaching an all-time high in December 2017, Bitcoin's price started to decline. It formed lower lows as it continued to drop, indicating a bearish trend.

2. Ethereum's Price Decline:

Ethereum, another major cryptocurrency, also exhibited Lower Low patterns during market downturns. For example, during the crypto winter of 2018-2019, Ethereum's price formed successive lower lows, indicating a prolonged bear market sentiment.