Bitcoinik

BCHBTC - technical Analysis - market move - Price?

Bitcoinik Updated   
COINBASE:BCHBTC   Bitcoin Cash / Bitcoin
Hello guys, we had analyse BCH/BTC market and found falling wedge pattern and had drawn target price as per pattren breakout and got small bearish divergence and market may move till D-wave. As we know falling wedge is a bullish pattern but market condition is not good but you can trade according to per market breakout and can book decent profit.
Trade active:
Market reached our target along to wave D, now it's availabe near apex wait for breakout, wil update idea soon.
Trade active:
Market braked downside and can test 0.032 - 0.034. Traders can take position nearby that range with tight stop-loss.
Trade active
Trade closed manually:
Seems like we booked around good profit after our call, will publish new chart soon of BCHBTC.
Happy Trading

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.