Trading plan: BCHUSD (Bitcoin Cash)
BCHUSD took the lateral movement today. He formed a price range: $ 1,500 - $ 1,260.
Priority of the day: keep neutral position on BCHUSD.
Bitcoin Cash is still in a downtrend, so we recommend to be on the side of the bears. On the other hand, the moment of sharp bounce upwards of BCHUSD rate is around the corner. That's why we are out of the market, we expect a clear situation on Bitcoin Cash.
Projected scenarios:
1. Hold a neutral position on BCHUSD today.
2. Bitcoin Cash most likely will continue falling to $ 1200 because of the downtrend.
An alternative scenario:
BCHUSD can bounce sharply from $ 1,400 to $ 1,500. We recommend to all our subscribers to be especially careful today when making deals with BCHUSD.
Priority of the day: keep neutral position on BCHUSD.
Bitcoin Cash is still in a downtrend, so we recommend to be on the side of the bears. On the other hand, the moment of sharp bounce upwards of BCHUSD rate is around the corner. That's why we are out of the market, we expect a clear situation on Bitcoin Cash.
Projected scenarios:
1. Hold a neutral position on BCHUSD today.
2. Bitcoin Cash most likely will continue falling to $ 1200 because of the downtrend.
An alternative scenario:
BCHUSD can bounce sharply from $ 1,400 to $ 1,500. We recommend to all our subscribers to be especially careful today when making deals with BCHUSD.
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