Long

Trading plan: BTCUSD (Bitcoin)

Updated

Current situation:
Bitcoin's rate is still gaining strength before a surge. We believe that the start of Bitcoin's price growth will be from support levels.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 7260;
$ 6850;
$ 6615;
$ 6441.
Support levels:
$ 6125;
$ 6000;
$ 5785.
Forecast:
Considering the long flat, the Bitcoin rate will grow, most likely, from $ 6000 to $ 6441.

Note

Trend Analysis: BTC / USD (Bitcoin)
The trend for Bitcoin remains descending. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9600. The forecasted level of the end of correction for BTC / USD is the price zone: $7400- $7600. As for us, an important level of cancellation of Bitcoin's asset growth will be a price reduction below the $6100- $6000 zone.

Current situation:
Today Bitcoin quotation is trying to exit a flat upwards: $6200- $6300. We still forecast growth in the $6410- $6610 zone.

Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.

Resistance levels:
$ 6410;
$ 6510;
$ 6610;
$ 6816;
$ 7400 (midterm).

Support levels:
$ 6121;
$ 5939;
$ 5779;
$ 5300.

Forecast:
The rise in Bitcoin's price from the current level with the target of $6610.

VARZAR_INVESTMENT

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