Bitcoin forecast and Analytics of BTC/USD on 22 Aug 2018

0

Bitcoin forecast and Analytics of BTC/USD on 22 Aug 2018

The Bitcoin BTC/USD is trading at the level of 6413. Cryptocurrency trading above the upper boundary of the Clouds Ichimoku Kinko Hyo, which indicates that the rising trend in Bitcoin. In the framework of the forecast rate of digital currency is expected to test region signal lines Ichimoku Kinko Hyo near the level of 6350, from where we can expect rebound and attempt continued growth of Bitcoin to the level of 7000.

Bitcoin forecast and Analytics of BTC/USD on 22 Aug 2018

In favor of the price growth of the cryptocurrency, BTC/USD will perform test support area and rebound from the lower boundary of the model “Triangle”. Earlier it was obtained a weak signal for selling Bitcoin through the intersection of the signal lines at the level of 6400.

Cancellation option growth of quotations of Bitcoin will breakout of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations below the 6150 that will point to a change in the rising tendency in favor of a downtrend and the continued depreciation of Bitcoin. Wait for confirmation that growth of quotations BTC/USD and the resumption of the rising trend is a break above the upper boundary of the model “Triangle” and close above 6600.

Thus, Bitcoin forecast and Analytics of BTC/USD on 22 August 2018 involves the attempt to correct cryptocurrency and test the support level near 6350 region where we can expect continued growth of the Bitcoin exchange rate with a potential target near the level of 7000, the cancellation option growth will be a strong drop and the breakdown region 6150 that will indicate the resumption of the downward trend and continued decline.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.