Bitcoin forecast & analysis BTC/USD May 17, 2018


Free Forex Signals (Android App)

Bitcoin BTC/USD is trading at 8315. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. The test area of ​​Ichimoku Kinko Hyo signal lines near the level of 8500 is expected, from which we should expect a rebound and an attempt to continue falling of the cryptocurrency with a target at the level of 7500.

Bitcoin forecast & analysis BTC/USD May 17, 2018

In favor of falling quotations, the cryptocurrency will perform a resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, a strong signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 8550.

Bitcoin forecast & analysis BTC/USD May 17, 2018

The cancellation of the variant of Bitcoin quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the 9100 area, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of Bitcoin. Expect the acceleration of the fall in quotes BTC/USD stands with the breakdown of the support area and closing below the level of 8000.

Join our Telegram Channel


Post Comment