Bitcoin Cash is currently in a bearish cycle (3D)

Jun 4

A large and time-consuming Diametric pattern has been completed on Bitcoin Cash. Following the completion of Wave G, which marked the final leg of the pattern, the price entered a corrective phase that currently appears to be forming a Diamond Diametric structure.

There is a possibility that the price will rebound from the green zone and move toward the red box. However, once it reaches that area, a stronger decline could follow.

The medium-term outlook for Bitcoin Cash remains bearish, and the current recovery is likely part of a larger corrective structure rather than the start of a sustained bullish trend.

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Do you also think Bitcoin Cash is bullish?

Jul 8

Trade active

After holding the green zone, Bitcoin Cash dropped more than 20%.

We are only looking for sell/short opportunities within the red zone.

The ideal area to short Bitcoin Cash is $300 and above.