Bitcoin (XBTUSD + Bitstamp BTCUSD)
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On November 15, 300MA and 500MA are expected to cross.
Also, around November 15 is the BTC's inflection day.
In addition, on November 16, 100MA and 200MA are expected to cross.
It is not known at which point all MAs will converge, but the price movement to converge continues.
Ichimoku's baseline is considered an important point when it is horizontal.
The price should be located above that baseline.
In the weekly charts, 50MA and 100MA will cross after November 25th.
Since the flow of the MA is the price flow anyway, it is simply an indicator of the current price flow.
The monthly chart shows that the current price position is at an important crossroads.
If we do not break the downtrend line in this upcoming convergence, we will wait another few years.
Therefore, you must climb during this convergence period.
Also, around November 15 is the BTC's inflection day.
In addition, on November 16, 100MA and 200MA are expected to cross.
It is not known at which point all MAs will converge, but the price movement to converge continues.
Ichimoku's baseline is considered an important point when it is horizontal.
The price should be located above that baseline.
In the weekly charts, 50MA and 100MA will cross after November 25th.
Since the flow of the MA is the price flow anyway, it is simply an indicator of the current price flow.
The monthly chart shows that the current price position is at an important crossroads.
If we do not break the downtrend line in this upcoming convergence, we will wait another few years.
Therefore, you must climb during this convergence period.
Anmerkung
Each chart is enlarged and posted on Twitter.twitter.com/BbiKkuMi/status/1194811808764219393
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