Hello traders,
Bitcoincash broke a very strong downtrend earlier and we had a very good entry point at $527 (already 15% ahead so far)

So for late buyers, is it over? Not really imo. Here is my break down.
Price has made 2 major BOS in a 4HTF uptrend. That confirms the market intentions to push price higher. We trade where the overall structure flows.
I think the most recent OB and SSL has been swept. However, a not very common scenario can happen which is a 3 bullish drive formation. Where price can sweep deeper liquidity around $550 then push higher.
If you are a late buyer, set a buy limit order @$550, $570 and wish for the best.
But what if price didn't retract that much? Take your buy orders @$630 AFTER a clear BOS & retest of support zone. I repeat...AFTER a break & retest.
That is your blueprint for this BCH move.
Good Luck!
All our analysis is shared with honesty, care, and real effort. If you find value in it, a like or comment means a lot to show your support🙏📊
Bitcoincash broke a very strong downtrend earlier and we had a very good entry point at $527 (already 15% ahead so far)

So for late buyers, is it over? Not really imo. Here is my break down.
Price has made 2 major BOS in a 4HTF uptrend. That confirms the market intentions to push price higher. We trade where the overall structure flows.
I think the most recent OB and SSL has been swept. However, a not very common scenario can happen which is a 3 bullish drive formation. Where price can sweep deeper liquidity around $550 then push higher.
If you are a late buyer, set a buy limit order @$550, $570 and wish for the best.
But what if price didn't retract that much? Take your buy orders @$630 AFTER a clear BOS & retest of support zone. I repeat...AFTER a break & retest.
That is your blueprint for this BCH move.
Good Luck!
All our analysis is shared with honesty, care, and real effort. If you find value in it, a like or comment means a lot to show your support🙏📊
Trade active
Looks like price will not pullback. Now we wait for a retest above BOS✅FREE signals:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅FREE signals:
t.me/VIPCryptoVault
Best Crypto Exchange Worldwide
shorturl.at/a1O3x
✅15% FREE Deposit Bonus
Up to 35% trading-fee rebates
shorturl.at/mTwUY
✅30% FREE Deposit Bonus
Up to 40% trading-fee rebates
t.me/VIPCryptoVault
Best Crypto Exchange Worldwide
shorturl.at/a1O3x
✅15% FREE Deposit Bonus
Up to 35% trading-fee rebates
shorturl.at/mTwUY
✅30% FREE Deposit Bonus
Up to 40% trading-fee rebates
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
