Trading plan: BTCUSD (Bitcoin)
Bitcoin rate slowed its growth. Bears showed their strength in the zone: $ 7600 - $ 7400, where Bitcoin's volume for sales are higher than for purchase.
Priority of the day: neutral position on BTCUSD.
Now it is not clear who will win the fight: bulls or bears. Flat was in place for far too long, and volumes for Bitcoin's sale suggest a predominance of a bearish scenario. But, in favor of bulls says the fact of buying back all sales, and the slow growth of Bitcoin rate.
Projected scenarios:
1. The rate of BTCUSD will grow from $ 7500 to $ 7800. Nevertheless, we set this scenario first, because we believe in the growth of Bitcoin's rate.
2. Bitcoin's rate may drop from $ 7500 to $ 7200. This option is the most logical yet.
Alternative scenario:
As always, Bitcoin's rate may not immediately go somewhere, and remain in the lateral movement for another day. Therefore, today we prefer to be out of the market.
Priority of the day: neutral position on BTCUSD.
Now it is not clear who will win the fight: bulls or bears. Flat was in place for far too long, and volumes for Bitcoin's sale suggest a predominance of a bearish scenario. But, in favor of bulls says the fact of buying back all sales, and the slow growth of Bitcoin rate.
Projected scenarios:
1. The rate of BTCUSD will grow from $ 7500 to $ 7800. Nevertheless, we set this scenario first, because we believe in the growth of Bitcoin's rate.
2. Bitcoin's rate may drop from $ 7500 to $ 7200. This option is the most logical yet.
Alternative scenario:
As always, Bitcoin's rate may not immediately go somewhere, and remain in the lateral movement for another day. Therefore, today we prefer to be out of the market.
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