Next push for $BCC $BCH?
Updated
BCC -1.54% / BCH 0.90% made a 5 waves up, followed by an ABC correction.
According to my rules, the correction was enough. it hit my target box.
Technically, I'm expecting a new push up which would mean that this 1-5 move was just the first leg in a much bigger perspective (oh dear). RSI confirms more upside is possible. MACD shows healthy growth.
Looking at the market, I'm expecting more downside for btc and the sentiment is also pointing to a furhter pump in BCC -1.54% .
Be carefull, its obvious that this is a pump. Use proper moneymanagement and use stoploss.
Buy the breakout! Check my link "how to trade breakouts" below for further explanation.
SL can be determined when we have the breakout, price could drop a few $ more before the breakout what would make calling a SL now useless.
According to my rules, the correction was enough. it hit my target box.
Technically, I'm expecting a new push up which would mean that this 1-5 move was just the first leg in a much bigger perspective (oh dear). RSI confirms more upside is possible. MACD shows healthy growth.
Looking at the market, I'm expecting more downside for btc and the sentiment is also pointing to a furhter pump in BCC -1.54% .
Be carefull, its obvious that this is a pump. Use proper moneymanagement and use stoploss.
Buy the breakout! Check my link "how to trade breakouts" below for further explanation.
SL can be determined when we have the breakout, price could drop a few $ more before the breakout what would make calling a SL now useless.
Note
If breakout doesnt come, we might make a bigger correction.That's why I trade "after breakout"
Note
Breaking out already before reaching my targeted bounce area. First target on the chart
Note
Target only valid when it continues this breakout, might see some retest or consolidation firstNote
It took a longer road, but reached my target box
Related publications
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.