Weekly reviews

Bitcoin market technical outlook

Cryptocurrencies

Analysis method - “Trend’s Potential”

September 1, 2018


Weekly chart: Tendency for local recovery of bitcoin quotes in direction of middle Bollinger band (7383.42) preserves. At this level the key resistance resides, which going to be used to analyze the further movement of the coin.

Expectations: Moderate growth in direction 7383.42.

Trading recommendations:

  1. Longs in direction 7383.42 (in case of confirming local signals) are possible.

  2. Search for sell signals at the 7383.42 region.