Trading plan: BTCUSD (Bitcoin)
Bitcoin rate is still in flat. The technical analysis of Bitcoin rate shows that near the level of $ 7620 there is a line of its support. The analysis of Bitcoin volume shows the predominance of bears, but bulls buy everything back, and therefore the price is in a narrow corridor.
Bitcoin rate is clamped in a bull Triangle. The correct output of Bitcoin's rate from this Triangle should be upwards: from $ 7620 to $ 7800. We are counting on the wrong way out today - downwards: from $ 7620 to $ 7400, because we are in a downward trend.
Priority of the day: sell BTCUSD with a target of $ 7400.
If the bears can push Bitcoin rate below $ 7600, then the scenario for sale is very likely. Otherwise, the bulls will win the battle, and Bitcoin rate will rise to $ 7800.
Projected scenarios:
1. The rate of BTCUSD will drop from $ 7620 to $ 7400.
2. Bitcoin rate will rise from $ 7620 to $ 7800.
Alternative scenario:
Reserve option - another day in flat.
Bitcoin rate is clamped in a bull Triangle. The correct output of Bitcoin's rate from this Triangle should be upwards: from $ 7620 to $ 7800. We are counting on the wrong way out today - downwards: from $ 7620 to $ 7400, because we are in a downward trend.
Priority of the day: sell BTCUSD with a target of $ 7400.
If the bears can push Bitcoin rate below $ 7600, then the scenario for sale is very likely. Otherwise, the bulls will win the battle, and Bitcoin rate will rise to $ 7800.
Projected scenarios:
1. The rate of BTCUSD will drop from $ 7620 to $ 7400.
2. Bitcoin rate will rise from $ 7620 to $ 7800.
Alternative scenario:
Reserve option - another day in flat.
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