cryptotraderbeast

BCH USD short & long

KRAKEN:BCHUSD   Bitcoin Cash
BCH finally arrived into strong resistance at 1450-1630. Since trend is bullish, as I said yesterday, I will take this short on confirmation exit, only if the resistance level is respected, and BCH falls down through 1450. Entry to the short is 1450, Stop is 1630, Targets are 1270, 1090, & 910. The pivot low in the 600's should be retested for a healthy double bottom. If that happens, I will be looking at a long entry in that 600-700 zone
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