BTC morning update 28.02.18

If BTC manages to close above 10500 today, we will have the first daily close above the downtrend line.

The Ichimoku indicator has created a weak buy signal by kijun crossing tenkan beneath the daily cloud, but the cloud is still red. It could turn to green in the next few days though.

It is possible that BTC will just start to moon after this downtrend is history. But a corrective wave like a flat pattern or ZigZag could bring BTC down to 9000 again, before the next try to overcome the downtrend line in a decisive move.

So be aware that a drop is possible but not needed at all anymore... Stay tuned...

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