Weekly reviews

BTCUSD market technical outlook

Cryptocurrencies

Weekly chart:

Lower Bollinger band descended to the 2784.12 level, which acts as an actual target for bitcoin quotes decline for the moment. I.e. we are speaking about new threat for the psychological support of 3000 dollars for a coin. For mid-term period we can consider only short-trades on such market.


Expectations:

Decline in direction 2784.12.

Trading recommendations:

Shorts in direction 2784.12.