Trading Plan: BTC ETH XRP BCH LTC
BTCUSD
Today, a BTC upturn began, as we expected. Of course, the global pattern of trade remains in sales, because the trend is downward. The bearish trend can continue at any time, so we recommend refraining from buying Bitcoin, and waiting for a longer fixing of its price in the zone: $3500 - $3000.
Forecast for today:
Neutral position at the rate of Bitcoin with a range: $5345 - $3500.
ETHUSD
The rate of Ethereum found short-term support from buyers near the level of $100. The trend on the Ethereum is still bearish, so we do not recommend buying against the mood of the crowd. Now it is better to wait, and wait for the appearance of large buyers of the Ethereum.
Forecast for today:
Neutral position at the rate of Ether with a range: $165 - $100.
XRPUSD
Ripple rate shows a slight bounce upwards. More likely, the bearish trend on Ripple will continue. Let's hope that someday buyers will prove themselves, and will be able to raise the cost Ripple price above $0.55. And while waiting, we recommend not to make a deal to buy Ripple.
Forecast for today:
Neutral position on the Ripple rat with a range: $0.40 - $0.28.
BCHUSD
After such a sharp collapse in the price of Bitcoin Cash, it became a dangerous asset to invest. Let's hope that after the fork, Bitcoin Cash will soon regain its former strength. At the moment, we recommend not to buy Bitcoin Cash, because the trend is bearish.
Forecast for today:
Neutral position at the rate of Bitcoin Cash with a range: $330 - $150.
LTCUSD
Litecoin's rate began a small bounce upwards. Now it is difficult to say whether the growth of its price will be long, because the crypto market is unbalanced. Buyers do not protect support levels, sellers satisfy any demand for cryptocurrency. In such conditions, it is very dangerous to buy Litecoin, because the bearish trend is still in force. We recommend waiting for clarity in the cryptocurrency market, and refrain from early purchases.
Forecast for today:
Neutral position on the Litecoin rate with a range: $47 - $27.
Today, a BTC upturn began, as we expected. Of course, the global pattern of trade remains in sales, because the trend is downward. The bearish trend can continue at any time, so we recommend refraining from buying Bitcoin, and waiting for a longer fixing of its price in the zone: $3500 - $3000.
Forecast for today:
Neutral position at the rate of Bitcoin with a range: $5345 - $3500.
ETHUSD
The rate of Ethereum found short-term support from buyers near the level of $100. The trend on the Ethereum is still bearish, so we do not recommend buying against the mood of the crowd. Now it is better to wait, and wait for the appearance of large buyers of the Ethereum.
Forecast for today:
Neutral position at the rate of Ether with a range: $165 - $100.
XRPUSD
Ripple rate shows a slight bounce upwards. More likely, the bearish trend on Ripple will continue. Let's hope that someday buyers will prove themselves, and will be able to raise the cost Ripple price above $0.55. And while waiting, we recommend not to make a deal to buy Ripple.
Forecast for today:
Neutral position on the Ripple rat with a range: $0.40 - $0.28.
BCHUSD
After such a sharp collapse in the price of Bitcoin Cash, it became a dangerous asset to invest. Let's hope that after the fork, Bitcoin Cash will soon regain its former strength. At the moment, we recommend not to buy Bitcoin Cash, because the trend is bearish.
Forecast for today:
Neutral position at the rate of Bitcoin Cash with a range: $330 - $150.
LTCUSD
Litecoin's rate began a small bounce upwards. Now it is difficult to say whether the growth of its price will be long, because the crypto market is unbalanced. Buyers do not protect support levels, sellers satisfy any demand for cryptocurrency. In such conditions, it is very dangerous to buy Litecoin, because the bearish trend is still in force. We recommend waiting for clarity in the cryptocurrency market, and refrain from early purchases.
Forecast for today:
Neutral position on the Litecoin rate with a range: $47 - $27.
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