Chart – BTC Projection (11-19-2021)

BTC4-hour chart against USD(own elaboration in Tradingview) at a price of $58,114. As we mentioned last Monday, this week there will be a downward adjustment in the price, caused by the settlement of CME futures in the New York Stock Exchange. Profit taking by institutional holders caused a 14% correction in the price, generating a new DIP at $55.725. Today, Friday, it is time for the price to come back, justified by the relocation of the exponential moving averages towards the buy zone, and by the relative strength index and MacD references in the same direction. We will keep you posted for further news. #buythedip