Lately, many clues have justified that Bitcoinmay probably continue falling. Recent annulments and technical news might urge people react in fear. If we examine the Bitcoin charts, we may perceive that by applying the Elliot wave theory, we could say that we might be in a corrective way after the fall of the 19th December 2017. We might be there for a while, provided that we take into consideration that the corrective wave has not finished yet.
Daily time frame
On the contrary, if we examine the Ichimoku system as well, we may see that we are below the cloud. Our lines Kijun Sen, Tekan Sen and Chikou span, are out of the cloud as well, giving us a probable strong sell sentiment with the future cloud becoming strong with flat areas and shifted downwards, which means that the potential downtrend is still strong.
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.