BitcoinLong
Trading plan: BTCUSD (Bitcoin)
Updated
Current situation:
The Bitcoin price has not yet exceeded the boundaries of the descending channel. In the midterm, Bitcoin's rate is in the consolidation zone: $ 6930 - $ 5600 for almost a month now.
We forecast a slight increase in Bitcoin's quotation to the sales zone: $ 6930 - $ 6615.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 7260;
$ 6930;
$ 6615;
$ 6441.
Support levels:
$ 6441;
$ 6118;
$ 6000;
$ 5785.
Forecast:
The growth of Bitcoin rate from $ 6255 to $ 6615.
The Bitcoin price has not yet exceeded the boundaries of the descending channel. In the midterm, Bitcoin's rate is in the consolidation zone: $ 6930 - $ 5600 for almost a month now.
We forecast a slight increase in Bitcoin's quotation to the sales zone: $ 6930 - $ 6615.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 7260;
$ 6930;
$ 6615;
$ 6441.
Support levels:
$ 6441;
$ 6118;
$ 6000;
$ 5785.
Forecast:
The growth of Bitcoin rate from $ 6255 to $ 6615.
Note
Trend analysis: BTC / USD (BitcoinBitcoin is in downtrend. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9300. The forecasted level of the end of the cor-rection on BTC / USD is the price zone: $7400- $7600, there is the resistance line of the previ-ously broken figure triangle.
Current situation:
Bitcoin quotation reached our target at $6610. In case the price of BTC / USD breaks through the level of $6815, the next important level will be in the $7400-$7600 zone.
Resistance levels:
1. $6815;
2. $7026;
3. $7187;
4. $7270;
5. $7470.
Support levels:
1. $6410;
2. $6276;
3. $6100;
4. $5939;
5. $5779.
Forecast:
The rise in Bitcoin's price from the level of $6600 with the target of $6815.
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