Bitcoin BTC/USD is trading at 4140. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. The Ichimoku Kinko Hyo indicator signal line test is near the 4000 level, from which it is expected to try to grow and further develop the bullish trend for BTC/USD with a target near the 4500 level. An additional signal in favor of growth will be the test of the support area. Also, we should not exclude the attempt to form the «Head and Shoulders» reversal model, which will start working out in the event of a breakdown of the 3800 area.
Bitcoin forecast & analysis BTC/USD on August 17, 2017
Earlier, a strong signal was received for buying of Bitcoin cryptocurrency, due to the crossing of signal lines at 3250. The abolition of the Bitcoin quotation growth will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 3700, which indicates the change in the bullish trend in favor of a bearish trend. To expect the acceleration of the growth of quotations on BTC/USD stands with the breakdown of the local maximum area at the level of 4430.
- BITCOIN chart online
- BITCOIN forecast & analysis
- ZCASH news & technical analysis
- LITECOIN prediction for today
- RIPPLE forecast & signals
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
