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Bitcoin Closed Nov. 8 at $74,740 for the UTC Trading Day

An earlier four-hour chart call by Cheds Trading described only a potential bullish setup.

By Enna Lee
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Two plotted closing points descend on an unmarked chart / TokenPost.ai
Two plotted closing points descend on an unmarked chart / TokenPost.ai

Bitcoin (BTC) finished the UTC trading day Nov. 8 at $74,740.

The Nov. 8 reading was a closing level, not a measure of the full intraday path.

At 8:46 a.m. ET (13:46 UTC) Nov. 7, Cheds Trading wrote, “$BTC 4H now with potential ‘bullish checkmate’ setup.” The post described a possible pattern on the four-hour chart, not a completed breakout.

Cheds Trading’s chart call preceded the Nov. 8 close, but the post and daily closing prices cover different periods. A daily close is an end-of-day observation, while the chart call concerned a four-hour interval. The Nov. 8 close does not show whether the proposed four-hour setup was confirmed.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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