Short
Retest previous breakdown, go lower!
Very good risk to reward trade on a BCH short. We're in bearish territory.
1) In bearish ichimoku territory
2) Descending triangle breakdown in play
3) Oversold so we're pumping to retest previous breakdown level
4) End of a market cycle
It's not replacing Bitcoin, I'm sorry. You're still stuck in the new paradigm phase if you think this inactive development of a project is about to head anywhere north.
Too many people bought at really expensive levels for Bitcoin Cash and are looking to minimize their losses. We're not seeing an all time high for now.
1) In bearish ichimoku territory
2) Descending triangle breakdown in play
3) Oversold so we're pumping to retest previous breakdown level
4) End of a market cycle
It's not replacing Bitcoin, I'm sorry. You're still stuck in the new paradigm phase if you think this inactive development of a project is about to head anywhere north.
Too many people bought at really expensive levels for Bitcoin Cash and are looking to minimize their losses. We're not seeing an all time high for now.
Trade active
Short in playNote
Stop loss reduced to 0.16151Note
REDUCE STOP LOSS TO BREAK EVEN.Trade closed: stop reached
Insignificant profit
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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.
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.