FortFS

FortFS

Daily chart: It was expected: after touch of psychologically important level 1.1400 a downward correction was triggered, that may head in direction of the pivot zone 1.1262-1.1276. H1-chart: Local downward structure already has a completed corrective upswing, that also speaks for scenario of decline from current levels under the closest low (1.1342). ...

FortFS

Daily chart: So, upward structure of the single currency does not exist after yesterday’s events anymore. It’s crashed. Does that means, that decline will be continued? Not necessary. In case of forming of bullish inside bar today (watch the black round mark) a new upswing will be triggered (black arrow). If bears pierce the 1.1173 support we’ll get premises for...

FortFS

Daily chart: Bitcoin again resides at the peaks of 2019. But we have a disturbing signal in the shape triple bearish divergence of RSI oscillator, that can be an attribute of “hollow pumping”. From the other hand ADX indicator stands in a very strong trending zone, that speaks for further growth of the quotes. It’s likely, that with any scenario the...

FortFS

Daily chart: Bitcoin is testing the key resistance level 8310 at the area of middle Bollinger band, where sell-offs can take place and as a consequence a new phase of the coin’s quotes decline (black arrow). But we can’t rule out an option, that bulls will successfully settle above this zone, that would open room of the upper Bollinger bands for them (red...

FortFS

Daily chart: Upward corrective wave is being poised to test the middle Bollinger band (8310), where the dynamic resistance level resides, that is capable to trigger full downward reversal of the trend via the Head-and-shoulders pattern. Thus market reaction on this area will be very representative in the sense of bitcoin readiness for further growth in...

FortFS

Daily chart: Bullish movement looks de-energized from the mid-term prospects point of view and massive bearish divergence of RSI didn’t show its potential after all. Thus after touch of the resistance level 8117 the coin almost for sure will get weaker in direction of the lower Bollinger band (7360). H4-chart: We note a strong local resistance level 8117...

FortFS

Daily chart: ADX indicator resides in a weak zone keeping downward correction mode. Thus it’s unlikely, that bitcoin will leave the range of lower Bollinger bands (7360-8145). Nevertheless strategically bulls keep the chance for recovery of the coin towards the 8896 mark (upper Bollinger band) during upcoming week. H4-chart: Locally we can confirm strong...

FortFS

Daily chart: ADX indicator readings remain in the area of flat forecast. Thus bitcoin probably will keep the trading range within the lower Bollinger bands (7302-8100). H4-chart: We note the presence of strong support at the region of lower Bollinger band (7553), where bulls may threaten the resistance 8100 and its break could have a potential of...

FortFS

Daily chart: Supposedly local upward correction of the market is about to be completed: bitcoin advanced right close to the 8100 mark, where a strong dynamic resistance from middle Bollinger band resides. In case of bears’ activation the target of probable decline will be the lower Bollinger band (7170). H4-chart: Locally the upper Bollinger band is...

FortFS

Daily chart: As we see decline of bitcoin continues and the main target support 7223 a lower Bollinger band wasn’t tested yet. Thus we can expect further development of downward wave towards this region. We can’t rule out a prior corrective pullback to the 8115-8240 zone, where a substantial offer volume can be concentrated. H4-chart: Locally the coin is...

FortFS

Daily chart: Negative forecast for bitcoin pans out. Market resides in the lower Bollinger bands already, that shows a high probability of reaching the mark of $7191 (lower Bollinger band) by downward wave. H4-chart: ADX stands adjacent to the trending zone and the price chart has all attributes of “bearish flag” (formation of the quotes’ decline...

FortFS

Daily chart: Development of corrective downward wave is in progress. It’s early to discuss a full downward reversal of the trend, we just record a pullback. But actual targets of decline are middle and lower Bollinger bands (8090 and 7191). The second mark is apparently lies beyond one day. H4-chart: Locally the market resides in a downward phase, though...

FortFS

Daily chart: Absence of correction and also long-lasting settling of bitcoin at the 8600 level, that may tell about potential for further growth of coin’s quotes in direction of the upper Bollinger band ($9171). At the same time ADX indicator stands at the peak, that may indicate a limited bullish potential. H4-chart: Local trading range has horizontal...

FortFS

Daily chart: Local slump of the quotes took place on the back of daily bearish divergence of RSI oscillator.There were cases in the history of this upward rally already when market didn’t give a damn to such divergences. But a feeling of overheating preserves, therefore we can consider only one more upward swing in direction of the upper Bollinger band...

FortFS

Daily chart: Bitcoin remains to be in an uptrend. The closest actual target of growth is the dynamic resistance 9171 (upper Bollinger band). Though from mid-term point of view there are virtually no doubts, that we’ll see the mark of $10000 shortly. H4-chart: We note an important local support where we can open long-trades today. It’s 8338 (middle...

FortFS

Daily chart: As we see, bitcoin continues to post new records not giving a damn to the systematic divergence of oscillator. There is a high probability of testing and break of the next round level $9000, from where bulls of course will strive to reach the mark of $10000. H4-chart: Local ADX stands in a relatively weak zone, that allows to count on...

FortFS

Daily chart: As we see our yesterday’s forecast regarding downward reversal of the coin on the back of buyers’ weakness (that was reflected in the strong bearish divergence of RSI) proves itself - close of the market took place much higher than the opening and today there are all premises for further development of downward wave in direction of the middle and...

FortFS

Daily chart: Another attempt of bulls to post a new high has ended up with signal from RSI oscillator of bearish divergence forming, that is one of indirect attributes of probable downward reversal of the trend. Thus the psychological mark of $6000 for a coin remains too distant to reckon on it shortly. More likely scenario now is development of downward wave...