Technical Analysis – BTCUSD holds in descending triangle in medium-term
Posted on September 18, 2018 at 2:37 pm GMTBTCUSD has been trading within a descending triangle pattern over the last seven months, with a strong support obstacle being the 5780 barrier. Moreover, the price started an aggressive bearish structure after the pullback from the all-time high of 19384 reached in December 2017 That said, technical oscillators paint a somewhat neutral picture currently. In the short-term, the RSI indicator is sloping slightly to the upside near the neutral threshold of 50, while the MACD oscillator is flattening around its trigger and zero lines, indicating that the pattern may stay in [..]