Bitcoin (XBTUSD + Bitstamp BTC)
The box section of the BTC has been broken.
As the BTC chart published a few days ago said, the current position is heading past the first point of decline and towards the second point of decline.
The second point of decline is near 20MA on the monthly chart, between 300MA and 500MA on the daily chart.
The third point of decline is near 1,000MA on the daily chart and 6,388.21 on or around Nov. 12, 2018.
We'll have to keep prices close to 300MA on the daily chart and see if they rebound near the "Purple forward trend line" and 20MA on the monthly chart.
The fall of the BTC has changed a lot for each coin.
It's a percentage, so that's the only way to do that, but I think we should pay attention to the trading volume and transaction amount of the major bosses.
As the BTC chart published a few days ago said, the current position is heading past the first point of decline and towards the second point of decline.
The second point of decline is near 20MA on the monthly chart, between 300MA and 500MA on the daily chart.
The third point of decline is near 1,000MA on the daily chart and 6,388.21 on or around Nov. 12, 2018.
We'll have to keep prices close to 300MA on the daily chart and see if they rebound near the "Purple forward trend line" and 20MA on the monthly chart.
The fall of the BTC has changed a lot for each coin.
It's a percentage, so that's the only way to do that, but I think we should pay attention to the trading volume and transaction amount of the major bosses.
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