Trading plan: BTCUSD (Bitcoin)
The Bitcoin rate fell to the February minimum of $ 5900.
Priority of the day: buy BTCUSD with a target of $ 6400.
We believe that a bounce of Bitcoin's rate to $ 6400 will happen in the matter of a few days. It is necessary to wait for Bitcoin to roll back to the support levels of $ 6100 or $ 5905, its consolidation over them, and only after this to think about finding the entry point for the acquisition of "digital gold".
The purchase of Bitcoin against the bearish trend, of course, will be risky. The scenario of Bitcoin's rate continuing the fall to $ 5800 is possible.
Projected scenarios:
1. The rate of BTCUSD will rise from $ 6100 to $ 6400.
2. The rate of BTCUSD will drop from $ 6100 to $ 5800.
An alternative scenario:
After such a strong impulse, there is a possibility of a long flat for Bitcoin quotation.
Priority of the day: buy BTCUSD with a target of $ 6400.
We believe that a bounce of Bitcoin's rate to $ 6400 will happen in the matter of a few days. It is necessary to wait for Bitcoin to roll back to the support levels of $ 6100 or $ 5905, its consolidation over them, and only after this to think about finding the entry point for the acquisition of "digital gold".
The purchase of Bitcoin against the bearish trend, of course, will be risky. The scenario of Bitcoin's rate continuing the fall to $ 5800 is possible.
Projected scenarios:
1. The rate of BTCUSD will rise from $ 6100 to $ 6400.
2. The rate of BTCUSD will drop from $ 6100 to $ 5800.
An alternative scenario:
After such a strong impulse, there is a possibility of a long flat for Bitcoin quotation.
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