What is a Retracement?

What is Retracement in Bitcoin Trading?

The bitcoin trading price does not move up or down in a straight line. Instead the bitcoin trading price moves up or down in a zigzag pattern called a bitcoin trend - in this pattern the bitcoin price moves upwards in a bitcoin trend then it retraces before resuming the bitcoin trend direction - in a downward bitcoin trend the bitcoin trading price moves downward in the bitcoin trend direction and then retraces before resuming the bitcoin trend direction.

What's retracement? A bitcoin trading price retracement is a pullback of the bitcoin trading price before the btcusd trading market resumes the original bitcoin trend movement.

Example of Zigzag Bitcoin Price Movement: The example illustrated below shows bitcoin trading price moving up in a zigzag pattern showing bitcoin trading price bitcoin trend and bitcoin trading price retracement.

The example illustrated below shows movement in an upward market and bitcoin trading price retracement.

What is Retracement? - What's Bitcoin Retracement? - Crypto Price Retracement Explained with Example

What's Retracement Trading in Bitcoin Trading?

1-2: Bitcoin Price Moves Up - Bitcoin Trend Direction

2-3: Bitcoin Price Retracement

3-4: Bitcoin Price Moves Up - Bitcoin Trend Direction

4-5: Bitcoin Price Retracement

5-6: Bitcoin Price Moves Up - Bitcoin Trend Direction

The retracement of bitcoin price is described on the above example - this represents a bitcoin retracement in an upwards cryptocurrency market trend.