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ProjectSyndicate
Oct 24, 2020 8:35 AM

BCHUSD H4: BEST Level to SHORT IT 15% gains(SL/TP)(NEW)  Short

Bitcoin Cash / United States DollarCoinbase

Description

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BCHUSD H4: BEST Level to SHORT IT 15% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: BCHUSD 5hour chart review/outlook
::: 5 wave bullish sequence is complete now
::: expecting A/B/C correction
::: TP bears is 15% gains / 230/235 USD
::: currently we are maxed out
::: so expecting a 15% correction next
::: into US Election Day
::: weakness and pullback
::: TP BEARS is 15% gains
::: no valid setup for bulls here
::: TP BEARS is 230/235 USD
::: recommended strategy: SHORT IT / SHORT rips/rallies
::: ENTRY at market or below dashed line
::: SWING TRADE: SHORT HIGH TP 15% gains
::: correction not over yet
::: 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/230/235 USD
::: Sentiment outlook short-term: MAXED OUT/REVERSAL
Comments
i8myapl
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This short won't work, BCH is pumping due to hardfork on Nov 15.
Phi-Deltalytics
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Thanks for sharing!
bobber70
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Thanks man
Mihai_Iacob
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Nice! I have the same idea on bitcoin, although i don t trade it very often:)
ProjectSyndicate
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@OptimoomFX, perfect perfect. let's see what we get.
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