- 2018-04-29
Bitcoin (BTC/USD) is finishing its trading week near 9400.
BTC is traded above Ichimoku Cloud today. And it seem to form a Star.
Additional indicator’s (MACD) lines are still going up and in parallel and are almost at their highest positions. So there will be continuation of bullish move this week.
So it is likely that BTC will go down first and try to break into the Cloud for 1-2 days (at approx.9100/9000 and even possibly getting to 8900). But bullish move is still strong so we can expect going up again (to 9900/9950).
If BTC was previously bought there should be put a stop-loss below the Base line or below the Cloud because uptrend becomes weaker and the price can go down.
BTC will be probably come to its current maximum after the short retreat. Still there are possibilities for short-term trading. It’ll be a signal to buy when the price breaks Conversion Line and opens above it.
BTC can go up to 9900/9950 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.