Bitcoin Cash: A potential setup
Updated
Bitcoin cash seems to be in a huge falling wedge. It is testing to the top of the wedge and may even break out to the upside. Bitcoin looks really indecisive right now. I am closely monitoring my Ethereum position as well. If this doesn't break out now and bitcoin decides to take a fall we might have a very good trade on our hands. I will long the bottom of the wedge. Let's see how things develop.
Trade active
Note
Wasn't that beautiful?Note
Closing bitcoin cash here at 233.58. What beautiful profits. 12.63%. Best trade so far.
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.