BCHBTC - Short again at Daily
Bitcoin cash / Bitcoin is still in the long-term downtrend. Look at the left two wave groups decide the decay still effective:
1. Weekly: (I) (II) (III) ... currently in wave (III)
2. Daily I, II, III ... are currently in wave IX increasing the adjustment to wave X.
Plan 1: Waiting for X wave zone waiting for a signal to sell down XI wave.
Plan 2: sell limited at 0.07852-0.07994
Stop loss: 120fibo (0.08290)
Take profits 1: 61.8fibo (0.07132)
Take profits 2: 100fibo (0.06581)
1. Weekly: (I) (II) (III) ... currently in wave (III)
2. Daily I, II, III ... are currently in wave IX increasing the adjustment to wave X.
Plan 1: Waiting for X wave zone waiting for a signal to sell down XI wave.
Plan 2: sell limited at 0.07852-0.07994
Stop loss: 120fibo (0.08290)
Take profits 1: 61.8fibo (0.07132)
Take profits 2: 100fibo (0.06581)
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.