Bitcoin - Whats happening on the daily chart?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Let's take a quick look at the BTC             daily time-frame.

The Stoch RSI is fighting to get above to get above the lower signal line but looks to be taking a downward turn. We've seen this pattern occur a few times in the recent BTC             downward trend. If history is any indicator, we can expect a downward turn sometime soon.

There is a mini bear flag forming, but nothing to get excited about just yet. There is massive resistance around $9500, wouldn't be surprised if we test that range before continuing lower. However, we are still in a holding pattern until we see a trend break.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out