Technical Analysis – BTCUSD bearish outlook does not change in short and long term
Posted on December 12, 2018 at 12:44 pm GMTBTCUSD rebounded on the 15-month low of 3187 and is currently picking up speed above the 20-simple moving average (SMA) in the 4-hour chart. The RSI turned higher but remains in the negative territory. At the moment, it continues to head higher in support of a slightly positive short-term picture. The bias in the very-short-term also looks bullish somewhat as indicated by the MACD, which holds above the trigger line. Resistance could occur around the 40-simple moving average (SMA), which overlaps with [..]