BitcoinShort
Trading plan: BTC ETH XRP BCH LTC
BTCUSD
The correction for the Bitcoin rate began. The upper limit of the triangle and the level of 78.6% Fibonacci were broken . Continued decrease in Bitcoin's price may continue near the level of 61.8% Fibonacci ($6600), or from the level of 50% ($6740).
When the level of $6800 breaks, the bearish trend for Bitcoin may change to bullish.
Forecast for today:
The fall of Bitcoin's rate from $6740 to $5500.
ETHUSD
The prolonged drop in the cost of Ethereum is finally accompanied by an upward correction. The decrease in its quotation may occur near the level of 61.8% Fibonacci ($220), or from 50% ($235).
Forecast for today:
The drop in the Ethereum's rate from $ 235 to $160.
XRPUSD
We are seeing a bounce in the price of Ripple up from the level of $0.25. In our opinion, the continued decline in its value may occur near the 50% Fibonacci level ($0.303). Otherwise, the trend will turn upwards.
Forecast for today:
The fall of the Ripple rate from $0.303 to $0.24.
BCHUSD
Weak correction on BCH does not inspire optimism on the growth of its quotation. However, we believe that continuation of the bearish trend should occur from the zone: $540 - $505.
Forecast for today:
The drop of the Bitcoin Cash rate from $540 to $400.
LTCUSD
The LTC price made a sharp bounce from the level of $48. In our opinion, the quotation of Litecoin may fall from the zone: $58 - $52. Otherwise, there will be an uptrend.
Forecast for today:
The drop in Litecoin rate from $58 to $46.
The correction for the Bitcoin rate began. The upper limit of the triangle and the level of 78.6% Fibonacci were broken . Continued decrease in Bitcoin's price may continue near the level of 61.8% Fibonacci ($6600), or from the level of 50% ($6740).
When the level of $6800 breaks, the bearish trend for Bitcoin may change to bullish.
Forecast for today:
The fall of Bitcoin's rate from $6740 to $5500.
ETHUSD
The prolonged drop in the cost of Ethereum is finally accompanied by an upward correction. The decrease in its quotation may occur near the level of 61.8% Fibonacci ($220), or from 50% ($235).
Forecast for today:
The drop in the Ethereum's rate from $ 235 to $160.
XRPUSD
We are seeing a bounce in the price of Ripple up from the level of $0.25. In our opinion, the continued decline in its value may occur near the 50% Fibonacci level ($0.303). Otherwise, the trend will turn upwards.
Forecast for today:
The fall of the Ripple rate from $0.303 to $0.24.
BCHUSD
Weak correction on BCH does not inspire optimism on the growth of its quotation. However, we believe that continuation of the bearish trend should occur from the zone: $540 - $505.
Forecast for today:
The drop of the Bitcoin Cash rate from $540 to $400.
LTCUSD
The LTC price made a sharp bounce from the level of $48. In our opinion, the quotation of Litecoin may fall from the zone: $58 - $52. Otherwise, there will be an uptrend.
Forecast for today:
The drop in Litecoin rate from $58 to $46.
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