Bitcoincash preferred view is a FLAT from 1,574.37 high that ended at 650.00. From there, a cycle is ended at 831.00 and while above 650.00, we should see higher.
There is no setup in BCHUSD at the moment. I'd like to see the structure of purple 1 and either buy the correction if structure is a motive 5 waves otherwise buy the correction in 1h after bullish sequence is confirmed (purple 1 in place, purple 2 in place and break to new highs as usual).
Invalidation to the upside is 650.00 and more importantly 599.49
Reminder: Don't forget to like, comment or subscribe to the channel. It helps me a lot to continue to post content. Much appreciate it.
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.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.