⦗MS. CRYPTO⦘ Crypto Technicals: BTC/USD Appears Bearish Signal

in bitcoin •  5 years ago 

From the chart above, BTC/USD appears a descending triangle which is a bearish chart pattern used in technical analysis. The candlesticks have tried to retest the 9400 support line for 5 times, RSI was still moving below the 50 level and was going down. If BTC/USD price drops below 9400 within a short time, it will enter to a downtrend.

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5 years ago by

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      ·  5 years ago 

    Correct prediction! Drops nearly a thousand dollars.

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