Bitcoin Cash: Potential Pullback Offer a Buy Opportunity

23 Kas 2017

Now don't get me wrong! Everybody's waiting for the Bitcoin Cash to reach previews highs. Most traders were watching for the 1000's level to find the sweet spot buying the market, after that instant bounce from 2860 and the beginning of a correction. Looking now to the 240min chart what we may see is that price is testing the upper parallel of a rising channel where it seems we have a rejection. I am personally not interested selling at that point. What we better wait is a pullback to previous structure and start watching for a buy setup completion aiming for that 2860 level. For those that are already in from a lower level, you better move your stops and watch for an opportunity to add positions at previous structure (support).