kyer

$BCH LONG TRADE IDEA

Long
KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
Bitcoin Cash Market Breakdown - July 10th, 2020

  • Bitcoin Cash hit both of our entry points, and even though the market looks choppy and unsure.. my thoughts are why try and scalp this long play real quick.

  • We understand now that the levels touched are respected and we know where the price is going to float to

  • Entry should've been along $222, even better would've been $213

  • Anyways, price rejected tough off of our $246 monthly level

  • I believe that if the general stock market continues to rise up in value, that the rest of the crypto market and commodity market will also soar.

  • BCH is currently holding $236 support, but if doesn't have momentum / volatility will come back down and retouch around $228-$230 where the uptrend is.

  • 1st TP again would be an easy $246
  • 2nd TP $252.6
  • 3rd TP $267.6
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