Here we can see that the bullish continuation baseline has moved over to the 3 hour chart. You can see how the ebb and flow of the 200 MA will draw the price action lower and higher as it winds its slow motion back and forth. BTCUSD is in another consolidation pattern, this is clear to me now. I will get my way and see the price action move to the 6500 area one way or another and I have indicated three wave bottoms where this may happen depending on trigger events.
Don't you reckon that after the news and rush of bch, the retrace of btc has begun towards the 5000 area. Im betting this trend will be broken as all the alts look pretty bullish as well