Not much has transpired in the Bitcoin space since yesterday. There was a minor selloff, but that was not completely unexpected, given that the chart is moving through an arc pair on the daily chart (3rd). I suggested yesterday that the 1.732 extension from the pitchfork would probably hold, and so far it has. Here is the daily chart with the long term setup displayed:
While I’m sure most Bitcoin traders would rather there were no consolidations ever, they are a fact of life. As I have repeated many times, when pricetime exits the arc pair on the sunny side, we will get a buy signal.
Here is the same chart with a shorter-term setup: