Will Altcoin move....
Updated
Looking at a previously published chart, I noticed that the current BTC's current position is less than the bottom of the first drop box.
The 1st box span is between 9534 and 10951.5.
The 2nd box span is between 7740.0 and 8931.0.
It can be said that there is a high possibility of forming and moving a small box section again between 1st and 2nd, that is, between 8931 and 9534.
Based on this, we found an inflection day, around November 15th.
It's the day of the BTC's historical downtrend line and the 9970 point, and also the day of 8487.0 where the uptrend line meets the flagged downtrend line.
Both must pass an important point before arriving at that point.
The important points are 8757 and 9534.
The price range is currently set towards the 9534 point and continues to challenge 5MA.
November 5 was the BTC's inflection day, and the aftermath is expected to end by around November 6.
As such, the move is expected to move between 8931 and 9534 until BTC's next inflection day around November 15.
(An inflection day is a day when price changes are severe or the flow can reverse or rebound.)
- Previously published chart -
The 1st box span is between 9534 and 10951.5.
The 2nd box span is between 7740.0 and 8931.0.
It can be said that there is a high possibility of forming and moving a small box section again between 1st and 2nd, that is, between 8931 and 9534.
Based on this, we found an inflection day, around November 15th.
It's the day of the BTC's historical downtrend line and the 9970 point, and also the day of 8487.0 where the uptrend line meets the flagged downtrend line.
Both must pass an important point before arriving at that point.
The important points are 8757 and 9534.
The price range is currently set towards the 9534 point and continues to challenge 5MA.
November 5 was the BTC's inflection day, and the aftermath is expected to end by around November 6.
As such, the move is expected to move between 8931 and 9534 until BTC's next inflection day around November 15.
(An inflection day is a day when price changes are severe or the flow can reverse or rebound.)
- Previously published chart -
Note
Earlier on the XBTUSD chart, "we expect to move between 8931 and 9534 until the next inflection of BTC around November 15." I explained this.A bit out of here, I can go down to between 20MA and 50MA.
The reason is for the convergence of short-term and medium-term MA.
This is because 100MA> 5MA> 200MA> 20MA> 50MA.
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