Bitcoin BTC/USD is trading at 5481 and continues to move within the framework of the correction and the formation of the «Triangle» model. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend. As part of the Bitcoin prediction & analysis BTC/USD November 18, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected near the level of 5530. Where can we expect a rebound and an attempt to continue the fall of Bitcoin cryptocurrency with a potential target of 4850.
Bitcoin prediction & analysis BTC/USD November 18, 2018
In favor of the fall of BTC/USD cryptocurrency quotes, a test of the resistance area will come out. As well as a rebound from the upper limit of the model «Triangle». Earlier, a weak signal was received for SELL the Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 6450.
Canceling the option of falling Bitcoin quotes will break the upper boundary of the Ichimoku Kinko Hyo Cloud with quotes closing above the 5900 area. Such an option would indicate a change in the downward trend in favor of an upward trend and continued growth of the Bitcoin rate. Expect to accelerate the decline in quotes BTC/USD stands with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 5400.
Bitcoin prediction & analysis BTC/USD November 18, 2018 suggests an attempt to correct cryptocurrency and test the resistance level near 5530. Where can we expect further decline of Bitcoin with a potential target near 4850. Cancellation of the reduction option will be strong growth and breakdown of the 5900 area This will indicate continued growth.
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