5 November 2019 BTC-USD 15 minutes

5 November 2019 BTC-USD 15 minutes

BTC/USD
Bitcoin/ United States dollar
15 minutes

In this 15-minute chart, we can see that price activity depreciated and tested the 9363.50 area (blue arrow), a level that represents the 50% retracement of the intraday appreciation from 9127.00 to 9600.00.  

Price activity then appreciated to the 9439.31 area (red arrow), a level that represents the 38.2% retracement of the same range, and then appreciated further to test the 9474.52 area (red arrow), a level that represents the 23.6% retracement of the appreciation from 9068.30 to 9600.00.

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