Bitcoin exchange rate forecast for October 19, 2018

The price began to move to the lower boundary of the designated control corridor and even went under the lower bar of the Ichimoku cloud boundaries. From the point of view of technical analysis, taking into account the indications of oscillators, this can be considered an omen of a downtrend. If you add to the facts and non-incremental volumes, you can rely on this scenario.

However, to fully rely on the implementation of the technical scenario is impossible. Moreover, the jerk that Bitcoin made a few days ago proved it again. Weather in the cryptocurrency space is governed by the news. As soon as there is evidence of any progress in the issue of regulation, for example, the SEC decides to legalize cryptocurrency investment funds, the trend can change at any time. Uncertain position, which the price is now, is able to move even from smaller news. Investors who want to receive income in this particular area can only wait for events and monitor news feeds. Stop Loss again becomes the most relevant: so at least there is a chance to change for “Stop Loss” large losses.