FortFS

FortFS

Daily chart: As we see upward forecast proves itself entirely and so far there is a feeling, that everything just begins - ADX and RSI indicators reside in the state of strong trend, therefore new upward momentum can be very volatile! The closest target of bulls seems to be the marks of $5800, $5900, $6000 for a coin. Profit capture may take place at the 6000...

FortFS

Daily chart: Bitcoin continues moderate growth in direction of the mid-term target of $5719 for a coin (upper Bollinger band). Correcting ADX interferes with more active trading so far. H4-chart: We note important local levels of support and resistance at middle (5149) and upper (5322) Bollinger bands. Given active ADX there is a probability of upward...

FortFS

Daily chart: Bitcoin keeps two tendencies simultaneously. Overall - mid-term growth in direction of the upper Bollinger band ($5719 for a coin). Local - accumulation of potential before probable further growth. This is indicated by correction of ADX, that corresponds to absence of trending potential for impulse movement. Thus trading tactics may be seeking for...

FortFS

Daily chart: As we see, from one hand bitcoin keeps mid-term upward potential in direction of the 5719 mark at upper Bollinger band, but from the other hand ADX indicator experiences corrective stage, that indicates an absence of trending pressure. Thus most likely gaining of volumes on current levels will be continued, that may look like flat. H4-chart:...

FortFS

Daily chart: Bitcoin retains residual upward potential in direction of upper Bollinger band ($5755 for a coin). At the same time ADX indicator started correction, that may indicate a flat local market. H4-chart: Four-hour time-frame supports scenario of horizontal trend continuation within Bollinger bands (4987-5177). Here a relative weakness of ADX...

FortFS

Daily chart: We need to note, that upper Bollinger band has moved $50 higher comparing to yesterday’s trading (pointing at the mark of $5650 for a coin today), that tells about maintaining of overall upward potential for this coin. At the same time, it’s being traded so far in the middle of upper Bollinger bands range, that makes possible a pullback towards the...

FortFS

Daily chart: Technical downward correction has started, that supposedly can reach the dynamic support of $4512 for a coin (middle Bollinger band). It’s quite likely to see new upward bounce off this area, since actual target of buyers, that is marked by upper Bollinger band, has moved higher and now resides at the 5600 level. H4-chart: Local lower...

FortFS

Daily chart: Strong overbought conditions of the market put questions about prospects of bitcoin growth. But so far this doesn’t hamper bulls to aim in direction of the dynamic resistance zone 5525, where the upper Bollinger band resides. Thus it’s this mark, which is the closest actual target for buyers. H4-chart: Besides, any trending interest from ADX...

FortFS

Daily chart: Growth potential of coin seems to be limited - high overbought conditions hardly will let bulls to pierce the dynamic resistance of $5446 (upper Bollinger band). Thus we can go short from the mentioned zone. H4-chart: On the chart of RSI oscillator a strong bearish divergence is confirmed, therefore it’s likely, that we won’t see bitcoin even...

FortFS

Daily chart: ADX readings remain very high, that may tell about readiness of bitcoin to break the resistance $5318 (upper Bollinger band), that, in its turn, will drive to new phase of market distribution to the upside for $150-200. H4-chart: If we evaluate prospects of bitcoin on local time-frames, it can be well seen, that bulls got problems. In...

FortFS

Daily chart: Bitcoin continues to consolidate at the 4935-5000 area before probable continuation of upward rally. ADX stands in a strong zone, though we have to admit strong overbought conditions on the market, that can make the quotes to correct to the downside first. H4-chart: Locally the last peak of the coin wasn’t confirmed by the same peak on the...

FortFS

Daily chart: Bitcoin for the third day is traded beyond the upper Bollinger bands, that eventually can lead to substantial downward correction. Bulls need to be more active after such impressive break, that was performed this week. Anyway ADX stands in a strong zone, therefore new upward momentum can take place at any moment. H4-chart: We note the level...