9 November 2019 – BCH/BTC – 15 minutes

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In this 15-minute chart of Bitcoin Cash/ Bitcoin (BCH/BTC), there is an appreciation from 0.02967 to 0.03290.

We can see the price depreciated to and tested the 0.03094 level (identified by the blue up arrow), with the 0.030904 area representing the 61.8% retracement of that range.

Another range we can see is the depreciation from the 0.03284 level to the 0.03094 level.

We can see that price activity then appreciated and tested the 0.031666 level (identified by the red down arrow), right around the 38.2% retracement of the depreciating range.  


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Author: Magnus Adsmon

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