Trading plan: BTCUSD (Bitcoin)
Bitcoin rate met resistance at $ 8400 and went into a deeper correction. The volumes for the sale of Bitcoin have grown, but the bears have not yet won. It is interesting to purchase Bitcoin from the support zone of $ 8200 - $ 8300. But, near the resistance level of $ 8400 Bitcoin's rate can turn back down.
Priority of the day: buy BTCUSD with a target of $ 8800.
Bitcoin entry during the deeper correction is the most profitable, but also dangerous in terms of dragging the price even lower. If Bitcoin rate is not supported by large buyers at volumes near $ 8200, then it will fall to $ 7,800.
Projected scenarios:
1. Buy BTCUSD from $ 8200 to $ 8800.
2. If there is the resistance of sellers near $ 8400, then we will close the whole position, or part of it, and think about an alternative scenario.
An alternative scenario:
If there are no volumes for Bitcoin purchase, then a deal for its sale from the $ 8400 - $ 8500 zone is possible. Today is a day for swing traders when there is an opportunity to make money in both directions.
Priority of the day: buy BTCUSD with a target of $ 8800.
Bitcoin entry during the deeper correction is the most profitable, but also dangerous in terms of dragging the price even lower. If Bitcoin rate is not supported by large buyers at volumes near $ 8200, then it will fall to $ 7,800.
Projected scenarios:
1. Buy BTCUSD from $ 8200 to $ 8800.
2. If there is the resistance of sellers near $ 8400, then we will close the whole position, or part of it, and think about an alternative scenario.
An alternative scenario:
If there are no volumes for Bitcoin purchase, then a deal for its sale from the $ 8400 - $ 8500 zone is possible. Today is a day for swing traders when there is an opportunity to make money in both directions.
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