Trading Plan: BTC ETH XRP BCH LTC
BTCUSD
The fall of Bitcoin continued to $3500. The “bottom” of the market is not yet visible, there is still much to lower the Bitcoin quote. We recommend to take a neutral position, because it is better to search for Bitcoin sales near the $5500 level, and it’s too early to buy.
Forecast for today:
Neutral position at the rate of Bitcoin with a range: $5345 - $3500.
ETHUSD
Ethereum almost depreciated. Bear trend continues. We are still refraining from transactions on the Ethereum, because it would be interesting to sell it near the zone: $200 - $165, and it is too early to buy.
Forecast for today:
Neutral position at the rate of Ethereum with a range: $165 - $100.
XRPUSD
Ripple rate was predicted to break $0.37, and reached $0.31. The initiative of the Ripple sellers is obvious. In our opinion, it is better to wait for the appearance of bulls than to try to sell Ripple now.
Forecast for today:
Neutral position on the Ripple rate with a range: $0.40 - $0.28.
BCHUSD
The Bitcoin Cash rate still came to the level of $150, as we predicted. Given such a strong collapse in its price, we already have little faith in a similar increase. Therefore, we are still refraining from transactions with Bitcoin Cash.
Forecast for today:
Neutral position at the rate of Bitcoin Cash with a range: $330 - $150.
LTCUSD
The Litecoin rare confidently broke the level of $30 down, and stopped near $27. The fall in the price of Litecoin is so rapid that it is not necessary to expect a sharp reaction from buyers. We plan to monitor the development of the trading situation on Litecoin out of the market.
Forecast for today:
Neutral position at the rate of Litecoin with a range: $47 - $27.
The fall of Bitcoin continued to $3500. The “bottom” of the market is not yet visible, there is still much to lower the Bitcoin quote. We recommend to take a neutral position, because it is better to search for Bitcoin sales near the $5500 level, and it’s too early to buy.
Forecast for today:
Neutral position at the rate of Bitcoin with a range: $5345 - $3500.
ETHUSD
Ethereum almost depreciated. Bear trend continues. We are still refraining from transactions on the Ethereum, because it would be interesting to sell it near the zone: $200 - $165, and it is too early to buy.
Forecast for today:
Neutral position at the rate of Ethereum with a range: $165 - $100.
XRPUSD
Ripple rate was predicted to break $0.37, and reached $0.31. The initiative of the Ripple sellers is obvious. In our opinion, it is better to wait for the appearance of bulls than to try to sell Ripple now.
Forecast for today:
Neutral position on the Ripple rate with a range: $0.40 - $0.28.
BCHUSD
The Bitcoin Cash rate still came to the level of $150, as we predicted. Given such a strong collapse in its price, we already have little faith in a similar increase. Therefore, we are still refraining from transactions with Bitcoin Cash.
Forecast for today:
Neutral position at the rate of Bitcoin Cash with a range: $330 - $150.
LTCUSD
The Litecoin rare confidently broke the level of $30 down, and stopped near $27. The fall in the price of Litecoin is so rapid that it is not necessary to expect a sharp reaction from buyers. We plan to monitor the development of the trading situation on Litecoin out of the market.
Forecast for today:
Neutral position at the rate of Litecoin with a range: $47 - $27.
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