- 2018-05-06
Bitcoin (BTC/USD) is finishing its trading week near 9658.
BTC reached its current maximum 9990 this week and now is showing bearish move.
It is still traded above Ichimoku Cloud and and the Conversion line today.
Additional indicator’s (MACD) lines are almost at their highest now and seem to cross today-tomorrow. That will be a sign of the change of trend and a signal to sell.
So it is likely that BTC will go down rather intensely. It’ll try to break int the Cloud (though it can take 1-2 days). After entering the Cloud the price can reach the middle of the Cloud (approx.8400/8300) very fast.
It is very risky to buy BTC now because there seem to be a change to downtrend now.
If BTC was previously bought it’s high time to sell it now or wait till additional signals. Those signals can be MACD lines’ crossing and/or BTC breaking through the Conversion line and entering the Cloud.
*predictions are made on the basis of several indicators. Only 1 indicator is shown on the screenshots for the purpose of not overloading the chart with technical details and indicators’ lines.