Trading plan: BTCUSD (Bitcoin)

20. Juli 2018

Current situation:
Bitcoin's price has been moving in consolidation for a long time. We expect a deep correction of Bitcoin's rate to the support levels. Further it will be more clear: either Bitcoin's quotation will continue its fall on the bearish trend, or it will grow to the resistance levels.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$8000;
$7740.
Support levels:
$7241;
$6850;
$6590;
$6108;
$5942.
Forecast:
Bitcoin price drop to $6850.

20. Juli 2018

Anmerkung

Trend analysis: BTC/USD (Bitcoin)
Bitcoin 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 $9400. The forecasted level of the end of the correction on BTC / USD is the price zone: $7400- $7600, there is the resistance line of the previously broken figure triangle.

Current situation:
Bitcoin price continues to trade near its resistance level in the zone: $7400- $7600. At the moment, the price of BTC / USD is consolidated in the zone: $7300- $7600. We expect the price distribution in the form of an impulse in the direction of the trend, to levels: $6800, $6660. Also, we do not exclude the continuation of correction up to levels: $8000, $8800, $9400.

Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.

Resistance levels:
1. $7600;
2. $7800;
3. $8000;
4. $8400;
5. $8800;
6. $9400.

Support levels:
1. $6800;
2. $6660;
3. $6276;
4. $6354;
5. $6100;
6. $5940;
7. $5780;
8. $5085.

Forecast:
The forecast remains the same. The drop in the price of Bitcoin from the $7300- $7600 zone. The target of the BTC / USD quotation decrease is $6660.