Trend coming under pressure

12 Mar 2018

BTCUSD current trend is coming under pressure with trend support at 8781.85. A close below this and the main trend turns negative. The 15 minute chart is currently pointing to a high probably that our daily trend will change. One positive for BTCUSD is that it's relative strength does continue to improve relative to other cryptocurrencies. From a daily trading perspective, BTCUSD needs time to develop a technically stronger pattern.