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CrimsonBull
Apr 24, 2018 6:44 PM

BCH/BTC Retrace after hitting .5 fib retracement 

Description

BCH/BTC has hit a fib target from its last big rally. Multiple time frames including daily are very over bought. Expecting a retrace and then a decision on whether to push further or retrace to a lower support.

Current trend line is very parabolic and with enough sell pressure I do not expect it to be a form of support. Previous top is looking like a nice point of support, so a 10% trade on this retrace move. Stop loss would would be at break even entry or .17 on a breakout.
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