CRYPTO of the week: BCHUSD taking some detour but view unchanged
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bitcoincash is trapped between 1,574.37 and 1,255.55. The first sequence to the downside from 1,574.37 was a motive 5 waves so resolution should be to the downside for another leg.
Meanwhile, I expect some choppiness through a wedge (flag).
View unchanged.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Meanwhile, I expect some choppiness through a wedge (flag).
View unchanged.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Nota
New high above 1,490 is worrying but as long as below 1,574.37, we should see lower. Still stand with motive 5 waves down from 1,574.37. Of course, a FLAT is always a possibility but only after the fact.And I repeat, I don't like to sell here or higher but prefer to position long lower if we reach the area.
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