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DollarBob

BTCUSD - Short is continue?

Short
Bitcoin (BITFINEX:BTCUSD)  
DollarBob  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD btcshort Parallel Channel Relative Strength Index (RSI) oversold
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trendanalysis chartpattern indicator btcusd btcshort parallelchannel relativestrengthindex oversold
Yea, I think short trend is continuing. Check out MACD, price is in a channel and weekend is ahead of us (weekend means drop). We'll see what Chinese do with BTC. But if BTC will brekout from that channel we have still many strong resistence for BTC.

BUT look at BTCUSD daily chart. It's just oversold, price on support, RSI oversold... we'll see....
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