What Does Bitcoin Trading Retrace Mean?
The bitcoin price on a chart does not move upward or downward in a straight line. Instead the bitcoin price on a chart moves up or down in a zigzag pattern called a trend.
Upwards trendbitcoin price retrace - bitcoin price moves upwards in a bitcoin trend then it pulls back before it resumes the upwards bitcoin trend direction
Down-ward bitcoin trendbitcoin price retrace - bitcoin price moves down ward in the bitcoin trend direction and then retraces before resuming the down-wards bitcoin trend direction.
What Does Bitcoin Trading Retrace Mean? A bitcoin price retrace is a pull-back of the bitcoin price before the btcusd trading market resumes the original bitcoin trend movement.
Bitcoin Trading Retrace Explanation & Bitcoin Trading Retrace Definition - Example of a Bitcoin Trading Retrace Pattern
What Does Crypto Trading Retrace Mean? - Crypto Trading Retrace Explanation & Trading Retrace Definition
Explanation of Bitcoin Trading Retrace Pattern
1-2: Bitcoin Crypto Price Moves Up - BTCUSD Crypto Trend Direction
2-3: Bitcoin Price Retrace
3-4: BTCUSD Crypto Price Moves Up - BTCUSD Crypto Trend Direction
4-5: Bitcoin Price Retrace
5-6: BTCUSD Crypto Price Moves Up - BTCUSD Crypto Trend Direction
The retrace definition of bitcoin price is explained on the trading example - this represents a bitcoin trading retrace move in an upward market trend.
Get More Courses and Topics:
- Equity Management Strategy Trading Tutorial Course
- MetaTrader 4 BTCUSD Trend Technical Indicator Free Download
- How to Add Instant Market Execution MetaTrader 5 Bitcoin Order Explained
- BTC USD Trade MetaTrader 5 Upwards Bitcoin Trend Line in MetaTrader 5 Platform
- What's the W Pattern in BTC USD Trade?
- Candlesticks Chart BTC USD Crypto, Line Chart & Bar Chart Types
- How Do I Add Accumulation Distribution Trading Indicator on MetaTrader 4 Tutorial Guide for Bitcoin Beginner Traders?
- ECN BTC/USD Broker, STP BTC/USD Broker, NDD BTC/USD Broker, DD BTC/USD Broker, Market Makers
- How Do I Set Stop Loss BTC USD Order & Take Profit BTC USD Order on MetaTrader 4 Platform?
- BTC USD Guide of How to Draw BTC USD Trend Lines in BTC USD Trade
