- 2018-04-22
Bitcoin (BTC/USD) is finishing its trading week near 8790.
BTC made a quick rise to Ichimoju Cloud and tried to break it at the end of this week but wasn’t strong enough for it yet.
Additional indicator’s (MACD) lines are still going up and in parallel. So there will be continuation of bullish move this week.
It is likely that there will be going up and downs this week because indicators show that the market is close to being overbought.
BTC is already traded above indicators lines so it will go on trading above the lines and above the Ichimoku Cloud. It can reach 9600 and retreat again to today’s level. Next moves up can be weaker because the market is not so strong now and it’s overbought.*
If BTC was previously bought there should be put a stop-loss below indicators lines because uptrend becomes weaker now and the price can go down.
BTC will be probably very close to its current maximum. Still there are possibilities for short-tirm trading. It’ll be a signal to buy when the price breaks Ichimoku Cloud and opens above it.
BTC can go up to 9700/9750 this week.
*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.