Trading plan: BCHUSD (Bitcoin Cash)
The BCHUSD rate rose in value.
Priority of the day: neutral position on BCHUSD.
After such a strong upward momentum, it is now dangerous to sell Bitcoin Cash. We plan to wait for the end of Bitcoin Cash's upward momentum, and we are going to think about selling it starting from the zone: $ 1220 - $ 1180.
Projected scenarios:
1. The BCHUSD rate will rise from $ 1140 to $ 1220.
2. The Bitcoin Cash rate will drop from $ 1140 to $ 1060.
An alternative scenario:
The BCHUSD rate may linger in the lateral movement until the end of the day. We prefer to enter transactions with a probability of more than 50%. Right now, it is hard to say exactly where Bitcoin Cash will go first.
Priority of the day: neutral position on BCHUSD.
After such a strong upward momentum, it is now dangerous to sell Bitcoin Cash. We plan to wait for the end of Bitcoin Cash's upward momentum, and we are going to think about selling it starting from the zone: $ 1220 - $ 1180.
Projected scenarios:
1. The BCHUSD rate will rise from $ 1140 to $ 1220.
2. The Bitcoin Cash rate will drop from $ 1140 to $ 1060.
An alternative scenario:
The BCHUSD rate may linger in the lateral movement until the end of the day. We prefer to enter transactions with a probability of more than 50%. Right now, it is hard to say exactly where Bitcoin Cash will go first.
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