Hi, friends.
What to expect from Bitcoin Cash?
The main thing you must know that BCH is in mini-balance now with a range 1130-1295.
For further growth the price needs to break out this mini-balance. If this happens we will see an upward movement to the levels 1510-1550.
But if the this mini-balance goes down with a high probability we will see a new fall wave.
Entry point: 1300 (Buy limit after break out)
Stop: 1210
Target1: 1510
Target2: 1550
Glossary of terms
What to expect from Bitcoin Cash?
The main thing you must know that BCH is in mini-balance now with a range 1130-1295.
For further growth the price needs to break out this mini-balance. If this happens we will see an upward movement to the levels 1510-1550.
But if the this mini-balance goes down with a high probability we will see a new fall wave.
Entry point: 1300 (Buy limit after break out)
Stop: 1210
Target1: 1510
Target2: 1550
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded volume .
- Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance - Accumulation Area.
- F L - flat level.
- T L - trend level.
- Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.