- 2017-11-26
Bitcoin (BTC/USD) is finishing its trading week near 9305.
BTC began going up on November 25th. Indicator’s lines and Ichimoku cloud go up too. Now we can form approximate support and resistance lines of the new uptrading corridor.
There is possibility of the price going quickly up to the resistance line. That can be about 12000.
It’s most likely that price will go to the middle and have some retreat to the Conversion Line of Ichimoku or support line. It usually has some retreat after average 4-5 periods of rise. So the price can vary within 8600 – 11000 during this week.*
If BTC is already bought there should be put a stop-loss below the Support line of the new uptrending corridor at 8350.
If BTC goes up after trying the Support line and the Conversion Line at 8500-9300 (depending on the period it takes uo from support) that will be a signal to buy. The price can reach 11000 and even try to go higher at the end of the 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.
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I bought at 10500 following your prediction. First there was some fall of price and I began getting worried. But now the price is going up much higher then the price of buying. I feel satisfied! 🙂
It is essential for an investor to be ready to risk his money. The market is very volatile and it’s necessary always to stay calm and cool-minded. It all comes with the experience.