Updated
BCCUSDT- Without Correction means More Risk
Bitcoin Cash has two scenarios .
First scenario is to complete the bullish wave and reach the last target 1560 $
Second scenario is to start correction now . I used Fibonacci levels and marked correction levels all in red lines.
Of course , It is not necessary to pass and correct on each level in red .
On the daily chart and four hours chart I used indicators Bollinger Bands , RSI and Price Oscillator . I can see that, price reached overbought level . I decline more for correction . More bullish without correction means more risk and big dump .
If you like scalping be aware and activate Stop - lose .
I wish all traders good luck .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
First scenario is to complete the bullish wave and reach the last target 1560 $
Second scenario is to start correction now . I used Fibonacci levels and marked correction levels all in red lines.
Of course , It is not necessary to pass and correct on each level in red .
On the daily chart and four hours chart I used indicators Bollinger Bands , RSI and Price Oscillator . I can see that, price reached overbought level . I decline more for correction . More bullish without correction means more risk and big dump .
If you like scalping be aware and activate Stop - lose .
I wish all traders good luck .
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Note
Bitcoin Cash has chosen first scenario and stopped exactly at 1560 $.Very risky to scalp now . Correction should start now .
Note
We are on the right way . All corrections come exactly on Fibonacci red lines . I think we may go more down to level 1179$
Be careful while trading - Stop lose is very important to activate .
Trade closed: target reached
All targets done . Congrats (:
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.
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.