Too High, Too Fast? A Bitcoin Cash Crash?
Updated
Over 200% in a few weeks? We need a short plan!
A breakout from the support at $885 should bring a huge selloff where we can add short positions all the way down to the pivot support at $535. Be advised, there is a classic fibo support at $582 which can reverse the market pretty hard.
Here;s a closer look.
Cheers and GLWT!
-Erik
A breakout from the support at $885 should bring a huge selloff where we can add short positions all the way down to the pivot support at $535. Be advised, there is a classic fibo support at $582 which can reverse the market pretty hard.
Here;s a closer look.
Cheers and GLWT!
-Erik
Note
Note
It was a totally crazy bull flag! I'll post a short idea later on...although, judging by the comments, you guys are not interested in those ones. Trade closed: target reached
Note
Another totally crazy bull flag? lolTrade closed: target reached
1685$ HIT OMG WHEN DREAMS COME TRUE!I'm taking a break now with BCH
Note
Hahahahaha.... when i sold last night I did not imagine this kind of scenarioNote
Some short targets:The chart is so messy now that the price went so high
Note
Bring stops up to MIN TP $1153Note
Ok, let's aim for MAX TP at $908. This is the bottom range of a classic support.Note
Falling wedge reversal? :) We broke out of the major classic fibo resistance! Need the other chart to join us, tho.Note
MIN TP hit! Then it fell apart... When dealing with these volatile things, particularly in a countercyclical trade context such as this, you hit your first targets and then break out trade after that.Note
$1050 ish?Trade active
Trade closed: target reached
YES!!!Note
Countercylical bounce?Note
Hit $905 even better! Ok, now we see the bounce?Note
Below $1000 is bearish...for now we bullish (but its in a countercyclical environment, so overall bearish).Note
New thread:
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.