Trading plan: BTCUSD (Bitcoin)
Bitcoin rate approached the sales area: $ 7000 - $ 6800.
Priority of the day: neutral position on BTCUSD.
As we stated earlier, the $ 6800 level was significant for Bitcoin rate. Today we expect a slight increase in Bitcoin rate into the zone: $ 7000- $ 6800, and the continuation of its fall on the trend.
So far there is no initiative of sellers, so we are still out of the market today.
Projected scenarios:
1. The rate of BTCUSD will drop from $ 6800 to $ 6500.
2. The rate of BTCUSD will be in the flat until the end of the day.
An alternative scenario:
The backup plan: is the growth of Bitcoin's rate to $ 7000 and higher. Therefore, we are not in a hurry with the deals for Bitcoin selling.
Priority of the day: neutral position on BTCUSD.
As we stated earlier, the $ 6800 level was significant for Bitcoin rate. Today we expect a slight increase in Bitcoin rate into the zone: $ 7000- $ 6800, and the continuation of its fall on the trend.
So far there is no initiative of sellers, so we are still out of the market today.
Projected scenarios:
1. The rate of BTCUSD will drop from $ 6800 to $ 6500.
2. The rate of BTCUSD will be in the flat until the end of the day.
An alternative scenario:
The backup plan: is the growth of Bitcoin's rate to $ 7000 and higher. Therefore, we are not in a hurry with the deals for Bitcoin selling.
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