Trading plan: BTCUSD (Bitcoin)
Bitcoin rate is still growing. Bears made an attempt to lower the Bitcoin rate from the level of $ 7500, but, as we assumed, near the level of $ 7320 the bulls took the initiative.
Priority of the day: the growth of the BTCUSD rate to $ 7800.
At the moment, for the growth of Bitcoin rate, it needs to overcome a strong bearish level of $ 7500. If this happens, our target will be achieved. But, there is a probability of victory for the bears in this battle, as the volumes for buying Bitcoin are average.
Projected scenarios:
1. The rate of BTCUSD will grow from $ 7400 to $ 7800. The point of entry for Bitcoin's purchase was to be found near $ 7320, as we wrote earlier.
2. Bitcoin's rate may drop from $ 7500 to $ 7000.
Alternative scenario:
There is a possibility of the flat. Graphical analysis of Bitcoin's rate shows the prerequisites for the formation of the figure "Triangle". If the upward momentum does not continue, Bitcoin's rate may narrow to the Triangle figure
Priority of the day: the growth of the BTCUSD rate to $ 7800.
At the moment, for the growth of Bitcoin rate, it needs to overcome a strong bearish level of $ 7500. If this happens, our target will be achieved. But, there is a probability of victory for the bears in this battle, as the volumes for buying Bitcoin are average.
Projected scenarios:
1. The rate of BTCUSD will grow from $ 7400 to $ 7800. The point of entry for Bitcoin's purchase was to be found near $ 7320, as we wrote earlier.
2. Bitcoin's rate may drop from $ 7500 to $ 7000.
Alternative scenario:
There is a possibility of the flat. Graphical analysis of Bitcoin's rate shows the prerequisites for the formation of the figure "Triangle". If the upward momentum does not continue, Bitcoin's rate may narrow to the Triangle figure
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