BCH -- Narrowing Volatility on the 4-Hr
BCH on the 4hr is very interesting as the volatility is narrowing. We use both Volume Profile and standard volume indicators as references for this one. We are trading right on the Point-Of-Control (POC) were volatility is squeezing down indicating short-term stability in the price action. Whenever I see this, I wait for the explosive event that seems soon to take place. I have my perceived support and resistance levels noted in the price ballons in the event BCH blows it stack.
Outlook: Neutral to bullish. The retracement appears over-extended. Price action has been squeezed right into the POC. This one is anyone's guess. I am pulling for a nice move north in the coming days, hours, minutes!
Always Dollar-Cost-Average into the high-risk assets, and don't forget to follow me on twitter to receive my charts in real time. I always give simple analysis and simple explanations -- the market decides if I am on the right side of the trade or not. The main idea to seek high probability trades with shorter-term profit potential. Take your %20+ off the table and let the rest ride if you want to play the long game. Always pay yourself if you chose this style of trading as a business. I have seen too many people go broke holding on to a winning trade that became a losing trade not soon after!
BCH is a tough call, no doubt!
Outlook: Neutral to bullish. The retracement appears over-extended. Price action has been squeezed right into the POC. This one is anyone's guess. I am pulling for a nice move north in the coming days, hours, minutes!
Always Dollar-Cost-Average into the high-risk assets, and don't forget to follow me on twitter to receive my charts in real time. I always give simple analysis and simple explanations -- the market decides if I am on the right side of the trade or not. The main idea to seek high probability trades with shorter-term profit potential. Take your %20+ off the table and let the rest ride if you want to play the long game. Always pay yourself if you chose this style of trading as a business. I have seen too many people go broke holding on to a winning trade that became a losing trade not soon after!
BCH is a tough call, no doubt!
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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.