Bitcoin has been on a steady rise for the past few days, with the news influencing most of the rise.
Today was the first day we saw a decent decline to retrace the up movement that took place during the past Weeks
The market has retraced into a Bat pattern and I am currently at the completion point of the 5 point pattern.
This point is important because on a big time frame it is testing the top part of the channel it broke above.
It is important to see how price reacts at this Potential Reversal Zone because it might be tracking a step back before continuing its rise to all-time heights.
Today was the first day we saw a decent decline to retrace the up movement that took place during the past Weeks
The market has retraced into a Bat pattern and I am currently at the completion point of the 5 point pattern.
This point is important because on a big time frame it is testing the top part of the channel it broke above.
It is important to see how price reacts at this Potential Reversal Zone because it might be tracking a step back before continuing its rise to all-time heights.
