Trading plan: BTCUSD (Bitcoin)
The rate of Bitcoin remained almost for a week at the level of $ 6000.
Priority of the day: neutral position on BTCUSD.
The Bitcoin rate found its support in the zone: $ 6250 - $ 5750. Bears are trying to reduce the price of Bitcoin, but the bulls still have the strength to restrain them.
According to the rules of technical analysis: after a downward impulse, there must be a pause and a continuation of the downward movement. But, today we forecast the exit of Bitcoin's rate upwards, to $ 6550.
Since the situation is not clear, we are still out of the market.
Projected scenarios:
1. The rate of BTCUSD will rise from $ 6100 to $ 6550.
2. The rate of BTCUSD will decrease from $ 6100 to $ 5500.
An alternative scenario:
The lateral movement of Bitcoin rate can last for another day.
Priority of the day: neutral position on BTCUSD.
The Bitcoin rate found its support in the zone: $ 6250 - $ 5750. Bears are trying to reduce the price of Bitcoin, but the bulls still have the strength to restrain them.
According to the rules of technical analysis: after a downward impulse, there must be a pause and a continuation of the downward movement. But, today we forecast the exit of Bitcoin's rate upwards, to $ 6550.
Since the situation is not clear, we are still out of the market.
Projected scenarios:
1. The rate of BTCUSD will rise from $ 6100 to $ 6550.
2. The rate of BTCUSD will decrease from $ 6100 to $ 5500.
An alternative scenario:
The lateral movement of Bitcoin rate can last for another day.
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