Bitcoin Cash
Long
Updated

BCHUSD The Exact Blueprint For Late Buyers

513
Hello traders,

Bitcoincash broke a very strong downtrend earlier and we had a very good entry point at $527 (already 15% ahead so far)
BCHUSD Breaks a 2 months Downtrend — What's next?


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!

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Trade active
Looks like price will not pullback. Now we wait for a retest above BOS

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