Bhairava is One with the Transcendant Siva and Nataraja

Bhairava or Rudra, Siva as yogi,

Image of Satguru Sivaya Subramuniyaswami
The good-and-bad concept should be thrown out with a lot of other things, including the up-and-down concept. There is no good; there is no bad. You don't raise your consciousness, nor do you lower it.
—Gurudeva