BCHUSD H16: XABCD bears: alternative setup(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as LONG because based on XABCD setup there might be more upside before reversal.
🔸 Summary and potential trade setup ::: BCHUSD 16hour chart review ::: alternative setup based ::: on XABCD BEARS ::: point D / PRZ near 280 USD ::: Expecting mild final PUMP ::: and then we switch into CORRECTION MODE ::: later near 280 USD ::: it's possible that one final POP ::: remains in this market ::: PRZ/point D leads to 25%+ correction ::: don't get caught up cause crypto is ::: setting up for correction right now ::: good luck traders 🔸 Supply/Demand Zones ::: fresh demand/supply: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS ::: Sentiment outlook short-term: BEARISH