- 2018-05-13
Bitcoin (BTC/USD) is finishing its trading week near 8680.
BTC entered Ichimoku Cloud this week, reached 8333 this week and now is showing some bullish retreat move.
It is traded inside Ichimoku Cloud so it shows that there will possibly be some sidetrend for 1-2 week.
Additional indicator’s (MACD) lines are going down in parallel and show no signs of a turn.
So it is likely that BTC will continue going down this week though not so intensely as it was the previous week. There will possibly be some retreat up at the end of the week. The price can very from 8850 to 7950 while going inside the Cloud.
It is risky to buy BTC now.
Short-term trading is possible because we have Flat (sideways trend) now but still it’s not recommended because downtrend can go on rather soon.
If BTC was bought there should be put a proper stop-loss below Ichimoku 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.