Bitcoin has been on a tear since the beginning of October (also the beginning of Q3) as traders used the month of September (also the end of Q2) to take profits. Bitcoin formed an AB=CD pullback before reversing and moving to its highest level since May 10th this week! The cryptocurrency is formed a shooting star on the daily timeframe on October 14th, indicating it may be ready for a pullback. The RSI is diverging from price as well. Horizontal resistance above is at the May 10th highs of 59,603, the 161.8% Fibonacci extension from the September 7th highs to the September 21st lows at 61,261.92 and finally the ... (full story)