Hello traders,
Bitcoincash broke a very strong downtrend earlier and we had a very good entry point at $527 (already 15% ahead so far)
So for late buyers, is it over? Not really imo. Here is my break down.
Price has made 2 major BOS in a 4HTF uptrend. That confirms the market intentions to push price higher. We trade where the overall structure flows.
I think the most recent OB and SSL has been swept. However, a not very common scenario can happen which is a 3 bullish drive formation. Where price can sweep deeper liquidity around $550 then push higher.
If you are a late buyer, set a buy limit order @$550, $570 and wish for the best.
But what if price didn't retract that much? Take your buy orders @$630 AFTER a clear BOS & retest of support zone. I repeat...AFTER a break & retest.
That is your blueprint for this BCH move.
Good Luck!
All our analysis is shared with honesty, care, and real effort. If you find value in it, a like or comment means a lot to show your support🙏📊
Bitcoincash broke a very strong downtrend earlier and we had a very good entry point at $527 (already 15% ahead so far)
So for late buyers, is it over? Not really imo. Here is my break down.
Price has made 2 major BOS in a 4HTF uptrend. That confirms the market intentions to push price higher. We trade where the overall structure flows.
I think the most recent OB and SSL has been swept. However, a not very common scenario can happen which is a 3 bullish drive formation. Where price can sweep deeper liquidity around $550 then push higher.
If you are a late buyer, set a buy limit order @$550, $570 and wish for the best.
But what if price didn't retract that much? Take your buy orders @$630 AFTER a clear BOS & retest of support zone. I repeat...AFTER a break & retest.
That is your blueprint for this BCH move.
Good Luck!
All our analysis is shared with honesty, care, and real effort. If you find value in it, a like or comment means a lot to show your support🙏📊
Сделка активна
Looks like price will not pullback. Now we wait for a retest above BOS
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✅FREE signals:
t.me/VIPCryptoVault
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shorturl.at/a1O3x
✅15% FREE Deposit Bonus
Up to 35% trading-fee rebates
shorturl.at/mTwUY
✅30% FREE Deposit Bonus
Up to 40% trading-fee rebates
t.me/VIPCryptoVault
Best Crypto Exchange Worldwide
shorturl.at/a1O3x
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Up to 35% trading-fee rebates
shorturl.at/mTwUY
✅30% FREE Deposit Bonus
Up to 40% trading-fee rebates
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.