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ProjectSyndicate
Oct 6, 2020 9:24 AM

BCHUSD D1: RESHORT IT! 25% correction.(SL/TP)(NEW) Short

Bitcoin Cash / United States DollarCoinbase

Description

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BCHUSD D1: RESHORT IT! 25% correction.(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.



🔸 Summary and potential trade setup
::: BCHUSD d1 chart review/outlook
::: reshort it and get paid
::: BEAR MODE is on right now
::: distribution in progress
::: short-term bullish
::: will likely re-test range highs
::: near 244 USD
::: 1/2/3/4/5 repeat fractal
::: BEARS get ready to RESHORT IT later
::: higher risk setup: LONG at MARKET TP 244 USD
::: recommended strategy: SHORT IT / SHORT rips/rallies
::: ENTRY NEAR 244 USD SL 260 USD TP1 200USD TP2 180USD
::: correction not over yet
::: up to 25% downside remains
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/244 USD
::: Sentiment outlook short-term: BULLS/RALLY
Comments
TrojanBible
THANK YOU !
WHAT NEXT? 175?
PolarHusk
A retest of the upper channel of the box would be ideal for potential short entries. Thanks for sharing your idea 🐻‍❄️😃
Dave-FX-Hunter
This make so much sense.
InkyGrip
amazing work! thanks 🦐
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