Possible BCC Target
This is where I'm entering and have my stop loss below 500. Great Consolidation after huge volume just the other week. Note it has not retraced into .618 zone nor has it dropped below 500 since its move. so the stop loss and Risk to Reward is a pretty safe play. If BTC shifts and forces BCC down I expect a test of the .618 fib level. Otherwise 560 is the target I have. I will take profits likely around 550 if I don't see particularly strong follow through. This does look like wave 4 which is nearing completion by Sunday 10/7 wave 5 likes to surpass wave 3, but that is not my target. Possible over performance expected, However because of these stagnant market conditions I'm keeping stop losses tight and taking profits where I can.
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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.