XBTUSD

BTC seems to be trying to create the conditions to rise.

The 50MA and 200MA have not changed direction yet.

The price is expected to move between 50MA and 200MA to change the direction of MA.

BTC is expected to be an important day around November 15 when the trend line and the uptrend line drawn on the short-term downtrend line (4H chart) meet.

If the closing price closes above 8931, I think the inflection around November 12 is unlikely to apply.

The 8931 is the top of the box section formed at the second stage of decline.

(An inflection day is a day when price changes are severe or the flow can reverse or rebound.)




- Correction chart of the 1H chart -