Trading plan: BTCUSD (Bitcoin)
Bitcoin rate, as always, narrowed in the figure "Triangle". We know that the Bitcoin rate exits Triangle in different ways: sometimes it's right - following the trend, and sometimes - against it.
Priority of the day: the growth of the BTCUSD rate to $ 7800.
There is, of course, the probability of the Bitcoin rate coming out of the Triangle downwards. But, today we are on the side of bulls.
The reasons for this decision are:
1. Bears tried to lower the Bitcoin rate down on large volumes, and they did not succeed.
2. The entire struggle of buyers and sellers is near a strong resistance level - $ 7500. And now Bitcoin rate is again near this level.
Projected scenarios:
1. The rate of BTCUSD will grow from $ 7500 to $ 7800.
2. The Bitcoin rate may drop from $ 7500 to $ 7200. Then, at the level of $ 7280, we will already think about selling it.
An alternative scenario:
The most unpleasant scenario of the day is the continuation of the lateral movement of Bitcoin's rate. In that case, we'll just wait.
Priority of the day: the growth of the BTCUSD rate to $ 7800.
There is, of course, the probability of the Bitcoin rate coming out of the Triangle downwards. But, today we are on the side of bulls.
The reasons for this decision are:
1. Bears tried to lower the Bitcoin rate down on large volumes, and they did not succeed.
2. The entire struggle of buyers and sellers is near a strong resistance level - $ 7500. And now Bitcoin rate is again near this level.
Projected scenarios:
1. The rate of BTCUSD will grow from $ 7500 to $ 7800.
2. The Bitcoin rate may drop from $ 7500 to $ 7200. Then, at the level of $ 7280, we will already think about selling it.
An alternative scenario:
The most unpleasant scenario of the day is the continuation of the lateral movement of Bitcoin's rate. In that case, we'll just wait.
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