Trading plan: BTCUSD (Bitcoin)
For several days Bitcoin rate has narrowed to the Triangle in the zone: $ 7700 - $ 7600. Sellers do not have the strength to reduce Bitcoin rate to $ 7400, and there are also not a lot of buyers to raise its price.
Priority of the day: sell BTCUSD with a target of $ 7400.
Given the low liquidity of cryptomarket and the prevailing downtrend, we are still on the side of the bears today.
Projected scenarios:
1. The rate of BTCUSD will drop from $ 7700 to $ 7400.
2. Bitcoin rate will rise from $ 7700 to $ 7800.
Alternative scenario:
The most unpleasant scenario - we will have to wait one more day in the lateral movement of Bitcoin rate.
Priority of the day: sell BTCUSD with a target of $ 7400.
Given the low liquidity of cryptomarket and the prevailing downtrend, we are still on the side of the bears today.
Projected scenarios:
1. The rate of BTCUSD will drop from $ 7700 to $ 7400.
2. Bitcoin rate will rise from $ 7700 to $ 7800.
Alternative scenario:
The most unpleasant scenario - we will have to wait one more day in the lateral movement of Bitcoin rate.
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