-TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates
BCHUSD 8hours: BUY LOW for 25% gains (mid-term)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. TAGGED as SHORT because I expect more downside short-term before reversal (bulls).
IMPORTANT NOTE: So in order to preempt some questions, why did I flip to BUY recommendation for mid-term? Primary reason: we got fresh liquidity in BTCUSD near 8400 USD. so there will be at least one final RALLY/PUMP before bears can take over later. therefore mid-term I recommend BUY setups only.
🔸 Summary and potential trade setup ::: BCHUSD 8hour chart review ::: still range-locked ::: upside limited short-term ::: drifting lower on auto-pilot right now ::: HOWEVER still fresh liquidity ::: near 200/214 USD is enough for BULLISH ::: reaction mid-term. therefore look to BUY LOW ::: recommended strategy: BUY LOW 200-210 USD ::: SL 190 USD ::: TP1 bulls 240 TP2 bulls is 270 USD ::: 25%/30% gains in this BUY/HOLD setup ::: let's focus on short-term only for now ::: big picture still not clear ::: good luck traders 🔸 Supply/Demand Zones ::: fresh demand 200/210 USD 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment short-term: BEARS ::: Sentiment outlook mid-term: BULLISH