High Probability BITCOIN CASH Short Setup (8H)

Feb 24

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It appears that Bitcoin Cash has once again entered a corrective phase and is showing signs of forming the final leg (wave E) of a broader bearish structure. Based on the current price action and overall market conditions, the structure suggests a potential continuation to the downside before any meaningful bullish reversal can develop.

The highlighted red zone on the chart represents our primary area of interest for potential sell/short positions. This is where we expect price to react and provide confirmation for downside continuation. As always, patience is key — let the price come into the zone and wait for proper confirmation rather than anticipating the move.

The downside targets are clearly marked on the chart. Risk management remains a priority:

At Target 1, secure partial profits to reduce exposure.

After taking partial profit, move your stop-loss to breakeven to eliminate risk on the remaining position.

Allow the rest of the trade to develop toward the lower targets if momentum continues.

Keep in mind that this analysis remains valid only as long as price respects the defined invalidation level. A daily candle close above the invalidation level will invalidate this bearish outlook and suggest a potential shift in structure.

Trade with discipline, manage risk properly, and avoid overexposure in corrective market conditions.

What’s your take on this setup do you see the same bearish structure or a different scenario?
Drop your analysis in the comments and let’s compare perspectives.

Feb 26

Trade active

It’s still valid. A pullback has occurred. Bitcoin Cash is bearish.

Mar 1

Trade closed: target reached

After hitting the red zone, it dropped more than 11% and the first target was reached.