crypto_butlers

Bitcoin - Whats happening on the daily chart?

BITFINEX:BTCUSD   Bitcoin / Dolar
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.
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