- 2018-02-18
Bitcoin (BTC/USD) is finishing its trading week near 10400.
Now it is showing bearish move.
It is traded above the Conversion and Base lines and the lines continue to move upwards.
The Conversion line is above the Base line and it made a signal to buy 2 days ago. MACD lines also go up for the last 9 days after there was a signal to buy.
So it is highly likely that Bitcoin will go up to the resistance line of downtrending corridor. After reaching the resistance line (at approx.11700) it’ll probably go down again to 10000/9800 and can go down even to 9500 and 9300 levels till the end of the week. A light retreat up is also possible.*
It is very risky to buy BTC now.
Short-term trading is possible but there can be a very quick change to more intense 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 or wait till it touches the resistance line at approx.11700. The 2nd variant is much more riskier. If the sell moment is lost there is high probability that the price will come to this level only 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.