BCH has recently gone on a bit of a run giving almost 200% gains in just a week’s time.
I am keeping an eye on this one because what goes up, must come down in the form of at least a corrective wave. And this one is showing some nice market structure on the 1hr chart which means it could end up setting up a nice, clear trade. This is not an enter now scenario, but instead a chart to follow until it tells you when to enter. This could come in the form of market structure breaking with a head and shoulders, double top, or any other major reversal ideas. Don’t prematurely enter a short in case it puts in another impulse move higher.
Definitely a chart to keep on the backburner and monitor.
BCH has recently gone on a bit of a run giving almost 200% gains in just a week’s time.
I am keeping an eye on this one because what goes up, must come down in the form of at least a corrective wave. And this one is showing some nice market structure on the 1hr chart which means it could end up setting up a nice, clear trade. This is not an enter now scenario, but instead a chart to follow until it tells you when to enter. This could come in the form of market structure breaking with a head and shoulders, double top, or any other major reversal ideas. Don’t prematurely enter a short in case it puts in another impulse move higher.
Definitely a chart to keep on the backburner and monitor.