Trading plan: BTCUSD (Bitcoin)
Bitcoin rate is in a lateral movement, as we predicted.
Priority of the day: neutral position on BTCUSD.
We are still out of the market, as intraday volatility has declined.
Projected scenarios:
1. The rate of BTCUSD will drop from $ 6900 to $ 6500.
2. The rate of BTCUSD will rise from $ 6800 to $ 7100.
Alternative scenario:
There is a likelihood that the liquidity of crypto market is still decreasing. And if the liquidity of crypto market falls, then it is difficult to make money on both sides. As a consequence of this - there will be a long flat.
The only way out is to wait for a favorable situation for earning money on crypto market.
Priority of the day: neutral position on BTCUSD.
We are still out of the market, as intraday volatility has declined.
Projected scenarios:
1. The rate of BTCUSD will drop from $ 6900 to $ 6500.
2. The rate of BTCUSD will rise from $ 6800 to $ 7100.
Alternative scenario:
There is a likelihood that the liquidity of crypto market is still decreasing. And if the liquidity of crypto market falls, then it is difficult to make money on both sides. As a consequence of this - there will be a long flat.
The only way out is to wait for a favorable situation for earning money on crypto market.
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