whaleshark

BitcoinCash Possible Bounce

Short
whaleshark Updated   
POLONIEX:BCHUSDT   Bitcoin Cash / Tether USD
Target $1400- $1800 based on fib levels
Stop Loss $890

This is only if BTC fails to progress and BTH can brake the downtrend. That should occur in the next hour.
Comment:
Bitcoincash has broken the downtrend but also would have triggered our tight stop loss. Targets are still in sight if BTC continues to fall.
Comment:
Nice 35% increase if we sold just below our target @$1350.

BCC looks like it is forming new supporta round the $1200 mark.
Comment:
BCC aiming for our target again.
Comment:
Finally our target has been achieved. That's a 60% gain.
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.