EthereumShort
Trading Plan: BTC ETH XRP BCH LTC
BTCUSD
Correction of Bitcoin upwards turned out to be deeper than we predicted. The reason for such a sharp rise in the Bitcoin price, in our opinion, lies in the imbalance of supply and demand: there are few sellers, so even the average buyer can easily move the quotation.
Despite the sharp rise in the price of Bitcoin, while the bearish trend prevails, we expect a further decline in its rate.
Forecast for today:
The fall of the Bitcoin rate from $6670 to $6000.
ETHUSD
The rate of the Ethereum tests the bottom level of $220. We believe that its growth is temporary, and the decline in the value of the Ethereum will continue.
Forecast for today:
The fall of the rate of Ethereum from $220 to $160.
XRPUSD
Ripple price, as always, is unpredictably sharp in its movements. We believe that the rate of Ripple will continue to decline from the zone: $0.50 - $0.45.
Forecast for today:
Ripple's fall from $0.45 to $0.25.
BCHUSD
The Bitcoin Cash rate has risen sharply in value without encountering obstacles in its path. While this growth is similar to the "tricking" of newcomers in investing. It will be possible to think about buying Bitcoin Cash after it breaks through the quotation of the level of $540, but for now the bear trend is in force.
Forecast for today:
The fall of the Bitcoin Cash rate from $500 to $425.
LTCUSD
The price of Litecoin repeated the movement of Bitcoin, but with less force. Now Litecoin's quotation is at an important resistance level - $56. If it rises above $60, then it will be possible to think about a change in trend, but for now, sales are likely to resume.
Forecast for today:
The fall of the rate of Litecoin from $56 to $47.
Correction of Bitcoin upwards turned out to be deeper than we predicted. The reason for such a sharp rise in the Bitcoin price, in our opinion, lies in the imbalance of supply and demand: there are few sellers, so even the average buyer can easily move the quotation.
Despite the sharp rise in the price of Bitcoin, while the bearish trend prevails, we expect a further decline in its rate.
Forecast for today:
The fall of the Bitcoin rate from $6670 to $6000.
ETHUSD
The rate of the Ethereum tests the bottom level of $220. We believe that its growth is temporary, and the decline in the value of the Ethereum will continue.
Forecast for today:
The fall of the rate of Ethereum from $220 to $160.
XRPUSD
Ripple price, as always, is unpredictably sharp in its movements. We believe that the rate of Ripple will continue to decline from the zone: $0.50 - $0.45.
Forecast for today:
Ripple's fall from $0.45 to $0.25.
BCHUSD
The Bitcoin Cash rate has risen sharply in value without encountering obstacles in its path. While this growth is similar to the "tricking" of newcomers in investing. It will be possible to think about buying Bitcoin Cash after it breaks through the quotation of the level of $540, but for now the bear trend is in force.
Forecast for today:
The fall of the Bitcoin Cash rate from $500 to $425.
LTCUSD
The price of Litecoin repeated the movement of Bitcoin, but with less force. Now Litecoin's quotation is at an important resistance level - $56. If it rises above $60, then it will be possible to think about a change in trend, but for now, sales are likely to resume.
Forecast for today:
The fall of the rate of Litecoin from $56 to $47.
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