Impossible. Impossible I say.

It's a very easy thing to profit off of the market moving up. I mean, it's a no brainer. You buy when the prices are low, and since the market is going up, you sell when the prices are high and keep the rest for your trouble.

But can you make money when the markets are down?

I mean, BCH is down about 7% right now, and I'm up 11% on my account. Today alone. How did I do it? How did I make money in a downtrending market? Am I Merlin?

(  Well I wish I was Merlin.🙃)

I'll tell you exactly how I made money, but first, let's see a chart.

NB: it's important that new traders stick to at least 1 hour charts when first starting out. This presents less opportunities, yes, but it is safer and they can make more profits which will then be used to experiment in smaller time frames.

This is a chart of Bitcoin Cash. I have highlighted major reversal patterns that made me short BCH for a massive 11% profit.

The first circle is called the three black crows formation. It signals that there will be s downtrend eventually, but not immediately. In fact, in BCH's case, we even saw a big uptrend to a new high for the day.

Next up the arrow colored yellow signifies a hanging man pattern. This formed on the top Bollinger band, so that was a very valid signal of s reversal.

The last arrow was the straw that broke the camels back. It was also a hanging man pattern, and the price just gave.

Now, when the two patterns formed, I knew that a fall was imminent.

So I shorter the coin by buying at the top and betting on a reversal. The reversal came, and while other investors are crying and wailing, my account is positive.

As I have stated a lot in this post, the method I used is called short selling. And it is the way to make money in a downtrending market.

Short selling is defined as "borrowing" of a stock or commodity from your broker based on a feeling that the price will plummet. If it eventually does plummet, you keep the difference between the price you bought at and the plummet price.

Right now, almost all brokers offer it but I recommend Binance, which has the lowest hourly fee paid.(yes, you pay an hourly fee on borrowed funds)

So that's how to make money in s downtrending market! You might not try this out, but I hope you learnt something new.

Thanks for reading.