SpartaBTC

BCH. Main trend. Triangle. Base of triangle 777%

BITSTAMP:BCHUSD   Bitcoin Cash / U.S. Dollar
BCH formed a triangle formation globally with a base of 777%.
At the moment, the price is at the resistance of the downtrend line of the main trend. A breakthrough and consolidation above it will mean a reversal of the main trend. Enter on a breakout or pullback after a breakout of a given formation.

If you are not new to trading, then you can try trading within the global triangle.
Moreover, a fractally symmetric triangle of 23% is formed there, which can act as an upward pennant of 53%. If you are a bad trader, but want a lot of money, it is advisable not to trade inside the triangle.

BCH local work. Secondary trend. Triangle 23% 53%

There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations.
Trade closed: target reached: + 20% short work. From the breakout of the local triangle to the designated support level. This level can act as a reversal zone.
Comment:

Comments

That's great work. Thanks a lot for Your long term analysis
+1 Reply
SpartaBTC Jenefar12
@Jenefar12, I wish you good trading profits.
Reply
Nice idea
+1 Reply
SpartaBTC Gorge_patison
@Gorge_patison, Thanks you.
Reply
nice post, thanks for this idea
+1 Reply
SpartaBTC PolarHusk
@PolarHusk, Thank you very much.
Reply
detailed overview and nice summary. well done!
+1 Reply
SpartaBTC ProjectSyndicate
@ProjectSyndicate, Thank you very much.
Reply
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