Weekly reviews

Bitcoin market technical outlook

Cryptocurrencies

Analysis method - “Trend Potential”

July 14, 2018

 

Weekly chart: Bears stalled the correction towards middle Bollinger band (7897.29) last week, confirming by that their control over the downtrend. We still can expect the coin quotes’ fall under 5076.23 (lower Bollinger band), that may trigger panic among investors and, as a consequence, even bigger sell-offs.

Expectations: Decline in direction of the 5000.00-5076.23 area.

Trading recommendations: Shorts in direction 5000.00-5076.23.