RizeSenpai

Weekly 3 Black Crows at Resistance.

Short
COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
Similarly to what i spotted on the EURUSD ; BCH seems to have formed a 3 Black Crows on the weekly after catching some sells at a previous zone of Support/Resistance .

It has also reached the Measured Move of a bullish diamond breakout and i have taken my profits.

This could be the start of a new downtrend which could take us down to Fibonacci retracement levels or lower.
I would be very interested in seeing some bullish signals on BCH at the 0.786 and 0.886 retrace levels until that happens or resistance is broken i'm likely to remain bearish .
Trade active: Short Entry Placed:
Trade closed: stop reached

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