Bitcoin Cash halving in 150 minutes and how to trade it
Bitcoin Cash halving will happen in 150 minutes.
Now what do we see on the chart?
We arrived at key level of 280,5$ which is a key level for BCH and structure was created here in the fall.
Around this level we also have the top of our upward channel, or rising wedge.
On the daily we got the 55ma sitting at 281,78.
We saw a nice little pump before the halving but i think this is it and we can expect a retracement now.
Here is what i'm doing.
Short 280 / 282,90
SL 286,2
TP 251
Target 228
Daily tf.
Now what do we see on the chart?
We arrived at key level of 280,5$ which is a key level for BCH and structure was created here in the fall.
Around this level we also have the top of our upward channel, or rising wedge.
On the daily we got the 55ma sitting at 281,78.
We saw a nice little pump before the halving but i think this is it and we can expect a retracement now.
Here is what i'm doing.
Short 280 / 282,90
SL 286,2
TP 251
Target 228
Daily tf.
Comment:
TP hit