Weekly reviews

Bitcoin market technical outlook

Cryptocurrencies

Analysis method - “Trend’s Potential”

August 25, 2018


Weekly chart: Flat tendency within the range of lower Bollinger bands (5303.10-7259.64) preserves. Market proceeds in an upward phase so far, therefore, we can expect quotes’ growth in direction 7000.00-7259.64.

Expectations: Growth in direction 7000.00-7259.64.

Trading recommendations: Longs in direction 7000.00-7259.64.