What is a Retracement?
What is Retracement in Bitcoin Trading?
The bitcoin crypto currency price does not move up/down in a straight line. Instead the bitcoin price moves up or down in a zig-zag setup called a bitcoin trend - in this pattern setup the bitcoin price moves upwards in a bitcoin trend then it pulls back before it resumes the bitcoin trend direction - in a downwards bitcoin trend the bitcoin price moves down ward in the bitcoin trend direction and then retraces before resuming the bitcoin trend direction.
What is retracement? A bitcoin price retracement is a pullback of the bitcoin price before the btcusd market resumes original bitcoin trend movement.
Example of Zigzag Bitcoin Price Movement: The example illustrated below shows bitcoin price moving up in a zig-zag setup showing bitcoin price bitcoin trend and bitcoin price pullback.
The example illustrated below shows movement in an upwards market and bitcoin price pull back.
What is Retracement? - What's Bitcoin Retracement? - Crypto Price Retracement Explained with Example
What's Retracement Trading in Bitcoin Trading?
1-2: BTCUSD Crypto Price Moves Up - BTCUSD Crypto Trend Direction
2-3: BTCUSD Crypto Price Retracement
3-4: BTCUSD Crypto Price Moves Up - Bitcoin Crypto Currency Trend Direction
4-5: Bitcoin Crypto Currency Price Retracement
5-6: Bitcoin Crypto Currency Price Moves Up - Bitcoin Crypto Currency Trend Direction
The pullback of bitcoin price is described on the above example - this represents a bitcoin retracement in an up-ward market trend.
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