Weekly reviews

Cryptocurrencies

Analysis method - “Trend Potential”

Cryptocurrencies

Analysis method - “Trend Potential”

Cryptocurrencies

Analysis method - “Trend Potential”

Cryptocurrencies

Analysis method - “Trend Potential” November 3, 2018

Cryptocurrencies

Extremely weak ADX tells about probable continuation of low volatility trading at the area of lower Bollinger band (5692.16-6668.77).

Cryptocurrencies

The area of a very strong support 111.29 has been probed, from where bulls can sharply advance in direction of upper Bollinger band.

Cryptocurrencies

Bitcoin continues long-term flat in the range of lower Bollinger bands (5830.04-6764.72).

Cryptocurrencies

Bitcoin continues dull mid-term downward flat in the range of lower Bollinger bands (5570.08-6790.94). Correspondingly, we can expect further slide in direction of the 5570.08 handle.

Cryptocurrencies

Bitcoin continues to stay within midterm side channel at the area of middle Bollinger band (5904.64).

Cryptocurrencies

Trend strength indicator ADX is in a very passive state, that corresponds to continuation of bitcoin flat in either the narrow range of lower Bollinger band (5306.45-7090.44) or the full width of the bands (with resistance at the 8827.49 level). But more likely, we can consider only the first scenario.