Bitcoin technical analysis. BTC-USD on November 09, 2018November 9, 2018
More and more clamped in the corner of the triangle, as you can see the resistance of the downward trend could not be overcome. The formation of yesterday’s red candle may indicate the market’s desire to go to the lower edge of the triangle, besides, overbought in Stoch RSI is visible, but the upward character of RSI and MACD leaves a chance to break the resistance of the trend and head to the area around 6800. In any case, while we are above the lower bound of the pattern, it is worth considering a positive scenario for this market, but as of now there may be a slight decrease in the short term.