Trading plan: BTCUSD (Bitcoin)

18 jul 2018

Current situation:
The Bitcoin rate has grown rapidly, breaking through an important level of resistance - $ 7000. If Bitcoin's price can fix over this level, then a change in the trend may be possible.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 7908;
$ 7740.
Support levels:
$ 7241;
$ 6918;
$ 6590;
$ 6108;
$ 5942.
Forecast:
The increase in Bitcoin's price from the level of $ 7241 or $ 6918 per zone: $ 7908 - $ 7740.

18 jul 2018

Nota

Trend analysis: BTC/USD (Bitcoin)

Bitcoin is in a downtrend. The cancellation of the bearish trend will be confirmed by the break-down and fixing of Bitcoin's price above the level of $9400. The forecasted level of the end of the correction on BTC / USD is the price zone: $7400- $7600, there is the resistance line of the previously broken figure triangle.

Current situation:
Bitcoin price yesterday rose to $7547. Today we expect the consolidation of the price of BTC / USD in the range: $7300- $7700. We expect Bitcoin price to exit the consolidation zone down to the level of $6800.

Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.

Resistance levels:
1. $7600;
2. $7700;
3. $7900;
4. $8400;
5. $8800;
6. $9400.

Support levels:
1. $6800;
2. $6660;
3. $6276;
4. $6354;
5. $6100;
6. $5940;
7. $5780;
8. $5085.

Forecast:
Consolidation of Bitcoin's price in the range of $7300- $7700 with the quotation exiting down to $6660.