- 2018-01-14
Bitcoin (BTC/USD) is finishing its trading week near 13560.
BTC reached 12630 on 2018-01-11 and retreated. Now it is showing bullish move.
It is traded in Ichimoku Cloud and even trying to break the support line and go further down.
There is very light possibility of the price going up further to try 15000/15500 levels.
Ichimoku Cloud crossed the indicators lines from below. Span also crossed both other indicator lines. That’s surely a change of trend. We can even distinct the resistance line of the new downtrend corridor.
It is highly likely that Bitcoin will go down to break below Ichemoku cloud (it already made some tries). When the price breaks it it can go down as far as 11000 and even try 10000 level. There is also a high possibility of short retreat and trying to break into the Cloud again.*
It is very risky to buy BTC now because there is a change of trend direction to downtrending now.
Short-term trading is possible but it there can be a very quick change to downtrend so buying BTC now is highly NOT recommended.
If BTC was previously bought and not sold yet there is high time to sell it now. Ichimoku cloud crossed indicators’ lines from below and Span line also crossed them from above that is a strong signal of market’s change to downtrend. It is a proper signal to sell because price can possibly come to this level in a year if ever at all.
*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.
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I bought BTC at 19000 and now its falling rapidly and I’m losing my money… I wish I subscribed here earlier and saw your predictionS and warnings! 🙁
Sorry to hear this 🙁 But I hope you managed to cut losses ASAP.