Bitcoin (Short-term flow)

19 нояб. 2019 г.

[Chart of XBTUSD]
The price fell through 8335 and the downward trend line.
Point 8335 is the midpoint of the previous box segment.
The inflection day on the upside is around November 24, and the inflection day on the downside is around November 25.
We need to see if we can get out of the downtrend line.

[Chart of BTCUSD]
The price touches the upward trendline and remains near the 8197.5 point.
The inflection date is around November 25.
We need to see if we can keep the price above the upward trend line.

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The two charts have different timings when the charts are created, and the lines are slightly different due to the different trading volumes.
However, I think around November 25 is an important day as the overlap between the two charts.

The chart of the XBTUSD shows that it is likely to fall to the 7856.5 point around 25 November.
However, the BTCUSD's chart suggests that there is a possibility that volatility may change significantly from the upward trend line around 8197.5 around November 25.

In both charts, we can see that the volume of trading was small and decreased.
This volume is expected to play an important role, and the direction of the future is expected to change as the price moves up or down on the day when the volume is high.

In the short term, we talked about the flow up to November 26th.