Bitcoin (BTC), Nov 9, 2022

Crypto · 60 daily candles up to Nov 8, 2022

BTC daily candles before 2022-11-09; the event day is hidden23,36221,10918,85616,604

Did BTC close higher or lower on Nov 9, 2022?

Compared with the previous close. The hidden candle is the dashed box.

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BTC daily candles around 2022-11-09, with the event day highlighted23,52020,63617,75114,867

BTC closed down 14.15% at 15,923.

The hidden day

Over the prior 20 sessions it lost 3.0%, and RSI(14) sat near 36 (neutral).

Opening gap
-0.01%
Day range
16.17%
Volume vs 50-day avg
2.5×

What happened next

Next session
+10.54%
5 sessions later
+4.38%
20 sessions later
+3.26%

Measured from the event-day close.

Background

Binance walked away from its proposed rescue of the FTX exchange, and bitcoin fell below $16,000 for the first time since November 2020.

Source: CNBC — Bitcoin falls to its lowest level in nearly two years as Binance abandons FTX deal

Patterns in this case

What you can see before the call

Last visible close
18,547
20-session trend
-3.0%
RSI (14)
36
vs 50-day SMA
-5.6%
vs 200-day SMA
-22.0%
vs 52-week high
-61.5%

Try a similar case

Keep practicing

Historical practice only. Past price moves say nothing certain about the next one, and nothing here is investment advice.