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Bitcoin: A good trading plan for the next 3-7 days!Bitcoin price tested the support level in the region of 9100, having formed a controversial correction model. For this reason, I revised the overall dynamics and made adjustments to the general map of wave motions. The main resistance level is located at 9500-9650. In the short-term, I expect a declining price to 8550-8300. At the moment, it is possible to retest the level of 8900-9000, after which growth to 9500-9650 is possible. Locally, it is worth selling from level 9500-9650.
BITFINEX:BTCUSD
by SAVFinance
2
Bitcoin: War of the bulls and bears (14.05.2020)The price has risen according to the main scenario, which predisposed to the end of the correction and the formation of wave 5. At the moment, due to the fact that the price is still in a wide range, another 1 alternative has appeared, which can still provoke a wave of sales. To activate the sales scenario, you must violate the rule of the main scenario - touching the level of 8980. For a shopping scenario, it’s worth focusing on 8980 as the stop loss level for long positions. The key level of support for purchases is at 9300-9150. Detail: an upward movement from 9000 is accompanied by the liquidation of short positions every 100 dollars of the price move above.
BITFINEX:BTCUSDLong
by SAVFinance
Bitcoin: BTC Halving is comingIn anticipation of the important event that all crypto enthusiasts expect, the price of biotin is in a key trading range. It is important to note that the key level for confirming the collapse of the event is 8300. After the breakdown of 8300, we should expect a decline to 6000 and below. Speaking of rising price, the breakdown of the level of 9800 will strengthen medium-term expectations in the direction of 16000, possibly higher. And which side of the market are you on?
BITFINEX:BTCUSDLong
by SAVFinance
1
Bitcoin: What to do with it?!Yesterday I published a trading plan in which was expect a correction in the form of a triangle model. At the end of the formation of the model, was worth making a buy. The trading plan was not confirmed, and the price fell down. At the moment, the situation is ambiguous. In the main scenario, it is assumed that the correction has become more aggressive. After updating the support levels, the price will continue to grow in the direction of the key resistance of 10500. Alternatively, and when the price touch range 7600-7400, after local correction worth taking short sales.
BITFINEX:BTCUSDLong
by SAVFinance
2