- 2018-03-11
Bitcoin (BTC/USD) is finishing its trading week near 9527.
BTC fell down from 11500 this week and now has some corection by bullish move.
It is traded inside Ichimoku Cloud. The Conversion Line and the Base Line are moving on 1 level but they tend to crossing and giving aa signal to sell.
There is light possibility of the price going down and trying to break 6000 again.
Additional indicator (MACD) already made a signal to sell 4 days ago.
It is likely that Bitcoin will go down and out of Ichimoku Clud. It can go down to 8000 and even 7800. Then it will possible have some retreat to 8000/8200 at the end of the week.*
It is very risky to buy BTC now.
Short-term trading is possible but is strongly not recommended because BTC can go down and return to the present level not very soon (in a month or even a year)
If BTC was previously bought and not sold yet there is high time to sell it now or wait till additional signal to sell. That signal would be the Conversion line crossing the Base line from above.
*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.