Trading plan: BTCUSD (Bitcoin)
Bitcoin rate is tightly clamped in the zone: $ 7800 - $ 7600. Bears yesterday tried to lower Bitcoin rate, but the bulls bought off.
The essence of our plan:
1. The last growth of Bitcoin's rate to $ 7700 was on increased bearish volumes, so we forecast its fall from the zone: $ 7800 - $ 7600.
2. We plan to search for the entry point for the short position on Bitcoin, near the level of $ 7600. In this situation, it will be safer to enter the market in the direction of its movement, and not sell at the highest prices now.
3. We do not consider Bitcoin purchases until its rate rises above $ 7800.
Priority of the day: sell BTCUSD with the target of $ 7400.
The hardest job of a trader is to wait for your entry point. It is possible that even today Bitcoin rate will be in flat.
Projected scenarios:
1. The rate of BTCUSD will drop from $ 7700 to $ 7400.
2. Bitcoin rate will grow from $ 7700 to $ 8080.
An alternative scenario:
Today, Bitcoin rate is more likely will not go anywhere and it will remain in the lateral movement until the end of the day.
The essence of our plan:
1. The last growth of Bitcoin's rate to $ 7700 was on increased bearish volumes, so we forecast its fall from the zone: $ 7800 - $ 7600.
2. We plan to search for the entry point for the short position on Bitcoin, near the level of $ 7600. In this situation, it will be safer to enter the market in the direction of its movement, and not sell at the highest prices now.
3. We do not consider Bitcoin purchases until its rate rises above $ 7800.
Priority of the day: sell BTCUSD with the target of $ 7400.
The hardest job of a trader is to wait for your entry point. It is possible that even today Bitcoin rate will be in flat.
Projected scenarios:
1. The rate of BTCUSD will drop from $ 7700 to $ 7400.
2. Bitcoin rate will grow from $ 7700 to $ 8080.
An alternative scenario:
Today, Bitcoin rate is more likely will not go anywhere and it will remain in the lateral movement until the end of the day.
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