Trading plan: BTCUSD (Bitcoin)
Bitcoin's rate is dominated by bears.
Priority of the day: sell BTCUSD for $ 5500.
Unfortunately, bears were able to absorb the entire growth of Bitcoin rate over the past week. At such rate, the fall of Bitcoin quotations can soon reach targets of $ 5500 and $ 5000.
This is not the best place for Bitcoin's sales deals for us, because the downward movement of its rate has already been going on for a long time, and there has not been a good upward correction. Therefore, we do not hurry to join the feast of the bears.
Today there may be a culmination of the fall of Bitcoin's rate down, followed by a sharp bounce of Bitcoin's rate upwards, to $ 6000 or even $ 6200.
Projected scenarios:
1. The rate of BTCUSD will decrease from $ 6000 to $ 5500.
2. The rate of BTCUSD will be in a lateral movement until the end of the day.
Alternative scenario:
We have already missed out on the last move down the Bitcoin rate, so we plan to join the deep correction of its price upwards. We will wait for the sharp bounce of Bitcoin's rate upwards, to $ 6000, $ 62000.
Priority of the day: sell BTCUSD for $ 5500.
Unfortunately, bears were able to absorb the entire growth of Bitcoin rate over the past week. At such rate, the fall of Bitcoin quotations can soon reach targets of $ 5500 and $ 5000.
This is not the best place for Bitcoin's sales deals for us, because the downward movement of its rate has already been going on for a long time, and there has not been a good upward correction. Therefore, we do not hurry to join the feast of the bears.
Today there may be a culmination of the fall of Bitcoin's rate down, followed by a sharp bounce of Bitcoin's rate upwards, to $ 6000 or even $ 6200.
Projected scenarios:
1. The rate of BTCUSD will decrease from $ 6000 to $ 5500.
2. The rate of BTCUSD will be in a lateral movement until the end of the day.
Alternative scenario:
We have already missed out on the last move down the Bitcoin rate, so we plan to join the deep correction of its price upwards. We will wait for the sharp bounce of Bitcoin's rate upwards, to $ 6000, $ 62000.
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