Technical analytics

BTCUSD market technical outlook

Cryptocurrencies
Daily chart:
Tendency for bitcoin remains unchanged so far - flat around the area of middle Bollinger band ($3915 for a coin). ADX indicator remains in a weak zone, therefore it’s likely, that this flat today will be continued as well.

H4-chart:

We note strong local support at the area of lower Bollinger band (3878). Given relatively passive ADX, we can suppose, that market won’t be able to go lower today and we’ll see a bounce in direction 3929.

H1-chart:
We note the borders of horizontal channel within Bollinger bands (3897-3926). Trading, most likely, will be limited by these boundaries today.

Expectations:

Flat in the 3897-3926 range.

Trading recommendations: Absent.


New articles