【BTCJPY】Turbulent decline pauses
In the post dated August 11 titled "【BTCJPY】Pushing down again to update the low with a sliding slope," I noted the momentum from the move on the 10th where the price accelerated its decline, venting all the range of the bullish candle on the 9th to push the low, and I wondered whether it would test around 640,000 yen. In reality, a new low was not made; instead, a "shadow of a bearish candle overlapped with a bullish one" formed. At the same time, while the candlestick continued to be lower, the RSI showed an upward move, indicating a divergence. In other words, there are signs of a potential reversal, but neither sign is strong enough to be conclusive.
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