Fundamental analytics

BTCUSD market technical outlook


Daily chart:

ADX resides in a passive zone despite short impulse moves, that points to a flat tendency more than to probable accumulation. So far bitcoin is being traded below lower Bollinger band (10715) holding market within lower bands (9400-10715).

However properties of Bollinger bands suggest growth to the upper band (12030) shortly, therefore long-trades will be an optimal tactics for today.


Local strong resistance at the area of upper Bollinger band (10467) can send the coin to new mid-term decline in direction 9857 (lower band). It is indicated by stable horizontal orientation of Bollinger bands and weak ADX indicator.



On hourly chart upper Bollinger band was broken, that may point to an opportunity of short-term growth after testing of middle Bollinger band (10163). The target of growth might be dynamic resistance 10489 (upper Bollinger band).


Touch of the 10163 level and then growth to 10489.

Trading recommendations:

Longs from 10163 to 10489.

New articles