CRYPTO of the week: BCHUSD View unchanged - Setup still valid
View unchanged. Bitcoin cash has been trading lower since last update.
While below 1,574.37 I would like to see a break 1,225.55 soon to trigger a bearish sequence in lower time frame and complete the last leg to the downside. Will be watching the RSI trend line as well for an indication on the end of the cycle from 1,574.37 high.
Set up to buy lower is still valid.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
While below 1,574.37 I would like to see a break 1,225.55 soon to trigger a bearish sequence in lower time frame and complete the last leg to the downside. Will be watching the RSI trend line as well for an indication on the end of the cycle from 1,574.37 high.
Set up to buy lower is still valid.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
相关观点
View unchanged but correction from 1,225.55 morphed into a possible triangle