Higher High
Higher high is a technical analysis term used to identify an upward trend in the price of an asset. It is characterized by two consecutive peaks with the second peak being higher than the first peak, thus indicating that buyers are willing to pay more for the asset as time progresses.
The concept of higher highs applies to any kind of security or market, not just cryptocurrency markets and can be used as part of a trading strategy or simply as an indicator of future price movements. By plotting points on a chart and connecting them, it is possible to visualize whether there are higher lows (an indication that prices may continue increasing) or lower highs (an indication that prices may start decreasing).
For example, if you were looking at Bitcoin’s daily closing price over several months on a chart, and you noticed two successive peaks with each peak being higher than the previous one, this would indicate that investors have been buying Bitcoin at ever-increasing values during this period. This could lead one to believe that prices will continue rising in the short term until another downward trend appears (lower high).
Higher highs can also be useful when combined with other indicators such as support/resistance levels and volume analysis. By combining these different tools into your trading strategy it becomes easier to identify strong trends in either direction before they become evident from just looking at charts alone.
