BCH to form a new bottom and surprise shorts in a bad way - 1800
Hi guys,
We have clearly seen a nice bounce from the low of 5 waves, indicating the market is taking just a temporary rest before the bullish momentum is continued. Here is a potential trade with less than 5% downside for about 40-70%upside. Simply buy below 1180 and hold to 1600 or 1800 for the tops of a new wave 3 or 5.
Cheers,
Ragnar
We have clearly seen a nice bounce from the low of 5 waves, indicating the market is taking just a temporary rest before the bullish momentum is continued. Here is a potential trade with less than 5% downside for about 40-70%upside. Simply buy below 1180 and hold to 1600 or 1800 for the tops of a new wave 3 or 5.
Cheers,
Ragnar
Comment:
Here, my wave B is too low, I made a (short-term) mistake and therefore it does not fit. However, nothing in the overall scenario changes, buy is at 1100-1200 - see below
Comment:
as you can see, the main idea is still valid, only take the B point to the next highest point, from then, the correction resumed, expected 1100-11200 before 1800 exit.
Comment:
also completely correct compared to update on may 1-st, next target 1800