Bitcoin Price at an Ominous Point
Bitcoin continues to make higher highs and higher lows, which is indicative of a market that remains in a bull trend. However, I am beginning to question the advance. There are a number of reasons to embrace a bit of caution. This setup was well respected by pricetime at the 1ST, 3RD and 4TH arc pairs. Note how price was turned away by the 3rd and 4th pairs. Noting that, the fact that the 5th arc pair is now very close gives one pause. The 5th arc pair is often a trend-stopper. Here on this setup, we can see we are a few bars from the 4th arc pair. This pair does not often represent the....
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