Friends, found couple of confirmations to entrance short position of BCH now:
1. Double tops pattern formed.
2. Failed upper bollinger band break through, marked by yesterday red candle with long wick.
3. Price was unable to break 0.618 retracement level.
Stoploss only when price closes above the candle wick, and possible take profit point were noted by green rectangles - these are the nearest support level. I do expect price will visit $132 again, form double bottoms pattern then start rally.
How do you guys think? Leave comments for further discussion ;)
Regards,
1. Double tops pattern formed.
2. Failed upper bollinger band break through, marked by yesterday red candle with long wick.
3. Price was unable to break 0.618 retracement level.
Stoploss only when price closes above the candle wick, and possible take profit point were noted by green rectangles - these are the nearest support level. I do expect price will visit $132 again, form double bottoms pattern then start rally.
How do you guys think? Leave comments for further discussion ;)
Regards,