Trading plan: BTCUSD (Bitcoin)
Bitcoin rate is tightly clamped in the zone: $ 6600 - $ 6300.
Priority of the day: neutral position on BTCUSD.
A narrow flat for Bitcoin will be broken soon. We are not in a hurry with the deals, because it is not a very good place to sell Bitcoin, but it is too early to buy it.
Today we also expect a small movement of Bitcoin's rate upwards, to $ 6900.
Projected scenarios:
1. The rate of BTCUSD will rise from $ 6400 to $ 6900.
2. The rate of BTCUSD will drop from $ 6400 to $ 6000.
An alternative scenario:
Flat is not over yet, so the option of one more day in the lateral movement of Bitcoin's rate is quite possible.
Priority of the day: neutral position on BTCUSD.
A narrow flat for Bitcoin will be broken soon. We are not in a hurry with the deals, because it is not a very good place to sell Bitcoin, but it is too early to buy it.
Today we also expect a small movement of Bitcoin's rate upwards, to $ 6900.
Projected scenarios:
1. The rate of BTCUSD will rise from $ 6400 to $ 6900.
2. The rate of BTCUSD will drop from $ 6400 to $ 6000.
An alternative scenario:
Flat is not over yet, so the option of one more day in the lateral movement of Bitcoin's rate is quite possible.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.