Trading plan: BTCUSD (Bitcoin)
Bulls broke our Bitcoin sales area: $ 7640 - $ 7565, and on large volumes raised the rate up.
What are we waiting for?
1. Today we are in the position of waiting for the winner. If the bulls get to raise the Bitcoin rate above $ 7800, then we'll wait for a small rollback down, and open a long position on it.
2. But, in our experience, the bounce of Bitcoin rate off the zone: $ 7750 - $ 7700 is more likely to happen. We will wait for the appearance of large volumes for the sale of Bitcoin in this zone, and we will look for a short position on it.
3. Today Bitcoin's rate on such large volumes for purchase must finish the started movement and go up to $ 7800 - $ 7700.
Priority of the day: neutral position on BTCUSD.
We take a neutral position on Bitcoin because right now the probability of growth or fall of its rate is about 50%. We wait when the probability of entry will be more than 50%, so as not to receive losses for stop-loss.
Projected scenarios:
1. The rate of BTCUSD will rise from $ 7600 to $ 7800.
2. The Bitcoin rate will drop from $ 7600 to $ 7475.
An alternative scenario:
Bitcoin rate may remain in the lateral movement, slightly widening the boundaries of the flat. In this version, we are not at all interested in entering the position and sitting in the flat for half a day.
What are we waiting for?
1. Today we are in the position of waiting for the winner. If the bulls get to raise the Bitcoin rate above $ 7800, then we'll wait for a small rollback down, and open a long position on it.
2. But, in our experience, the bounce of Bitcoin rate off the zone: $ 7750 - $ 7700 is more likely to happen. We will wait for the appearance of large volumes for the sale of Bitcoin in this zone, and we will look for a short position on it.
3. Today Bitcoin's rate on such large volumes for purchase must finish the started movement and go up to $ 7800 - $ 7700.
Priority of the day: neutral position on BTCUSD.
We take a neutral position on Bitcoin because right now the probability of growth or fall of its rate is about 50%. We wait when the probability of entry will be more than 50%, so as not to receive losses for stop-loss.
Projected scenarios:
1. The rate of BTCUSD will rise from $ 7600 to $ 7800.
2. The Bitcoin rate will drop from $ 7600 to $ 7475.
An alternative scenario:
Bitcoin rate may remain in the lateral movement, slightly widening the boundaries of the flat. In this version, we are not at all interested in entering the position and sitting in the flat for half a day.
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