The Gold Bitcoin forecast for August 17, 2018

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The Gold Bitcoin forecast for August 17, 2018

Cryptocurrency Bitcoin Gold BTG/USD is trading at 17.18. The cryptocurrency is trading below the lower boundary of the Clouds Ichimoku Kinko Hyo, which indicates that the downward trend in Bitcoin Gold. Expected test region signal lines Ichimoku Kinko Hyo near the 18.00 level where we can expect attempt to rebound and continue to fall cryptocurrency BTG/USD with a target near the level of 10.00.

The Gold Bitcoin forecast for August 17, 2018

Additional signal in favor of falling prices of the digital currency will be the rebound from the resistance area and test of the upper border of the descending channel. Earlier it was obtained a weak signal for purchases of Bitcoin Gold, due to the intersection of the signal lines at the level of 17.00.

The cancellation option drop in prices of BTG/USD will be a break of the upper border of the Ichimoku Kinko Hyo Cloud and closing above the level of 21.00, which will point to a change in the downward trend in favor of a rising trend and continued growth. Expected to accelerate the drop in prices of BTG/USD is a breakout of the support area and closing below the 14.00 level.

Thus, the Gold Bitcoin forecast for August 17, 2018 involves the attempt to develop correction cryptocurrency and test at 18.00, where we can expect further rate fall of Bitcoin Gold with a potential target near the level of 10.00, cancellation of risk will deliver strong growth and the breakdown region 21.00.

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