Bitcoin Cash Long
Updated
After almost 3-day consolidation Bitcoin Cash has chosen its direction.
I would be longing from $192-189 and targeting $204-212 levels. Also, you can see when we first mentioned long Bitcoin Cash a week ago when we were assuming that we are now in Market Maker Buy Model (green rectangle from $204-212 which is a magnet for the price to push higher).
I would be longing from $192-189 and targeting $204-212 levels. Also, you can see when we first mentioned long Bitcoin Cash a week ago when we were assuming that we are now in Market Maker Buy Model (green rectangle from $204-212 which is a magnet for the price to push higher).
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Reach our area of interest but wait for pulling the trigger. First I wanna see a re-test of $194 and when it will retrace down to $192 I wanna see reaction first. If there will be strong reaction then I am in. As I have outlined in the second chart I will be longing at $194 after re-test. If there will be NOT any signal of strength during retrace from $194-195 back to $192-193 I will not trade this idea.
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So far no reaction/strength on support. I am leaving this idea and if there will be strength I will open it once again.Trade closed: target reached
Good reaction to our support as we have outlined initially in the idea and also the price is going to meet the first of two targets.I am closing the idea here.
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Trade closed: target reached
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