Trading plan: BCHUSD (Bitcoin Cash)
The BCHUSD rate is still in flat.
Priority of the day: neutral position on BCHUSD.
We stick with our forecast of a small increase in the Bitcoin Cash rate to $ 800. We do not plan to open any deals today, as the market is weakly volatile and uncertain.
Projected scenarios:
1. The BCHUSD rate will rise from $ 700 to $ 800.
2. The BCHUSD rate will drop from $ 700 to $ 600.
An alternative scenario:
Our backup plan is to wait for the best situation for Bitcoin Cash in the flat until the end of the day.
Priority of the day: neutral position on BCHUSD.
We stick with our forecast of a small increase in the Bitcoin Cash rate to $ 800. We do not plan to open any deals today, as the market is weakly volatile and uncertain.
Projected scenarios:
1. The BCHUSD rate will rise from $ 700 to $ 800.
2. The BCHUSD rate will drop from $ 700 to $ 600.
An alternative scenario:
Our backup plan is to wait for the best situation for Bitcoin Cash in the flat until the end of the day.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.