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TR_Works
25 gru 2018 12:58

BTCUSD daily trend analysis 

Bitcoin / DollarBitfinex

Opis

Bitcoin has been on a downtrend throughout this whole year. As per market psychology, following the massive surge around this time last year(2017), we should expect either a reversal of the downtrend or some resistance.

Using EMA 13, EMA 52 and RSI 13 for technical analysis, the RSI is showing divergence around 17th Dec 2018 indicating a slow down of the trend. The crossing of EMA 13 over EMA 52 should indicate a continuation of the upward trend.
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