Weekly reviews

BTCUSD market technical outlook

Cryptocurrencies

Weekly chart:

Four bars beyond the boundaries of lower bands is a traditional sign of correction start, that eventually took place. At this moment the growth perspective lies at the area of middle Bollinger band (5832.62), where the most perspective zone for new mid-term sell-offs resides.  


Expectations:

Growth in direction 5832.62.

Trading recommendations:

Long-trades towards 5832.62.