BCHBTC Bottomed out
Its about time Bitcoin Cash gave us the opportunity to long those steroidal rallies, this is looking like a safe bet to get in before the storm strikes next week.
- Daily Bullish engulfing
Support Levels:
- Mid Range: .3009 BTC
Resistance levels:
- 25% range : .03115 BTC (Very weak resistance now, hammered 3 times already)
- Range High : .03219 BTC (Strong resistance)
Stop loss: .02919 BTC
Game Plan: Long the test of support, sell half of the position at Range High, if we break through the range high level, we have found the bottom of which should be considered a very strong rally and should be targeting .03540 and higher!!
Stop loss remains intact below the low of previous daily bullish engulfing candle, that base should be defended by the bulls if we are to push higher.
Cheers!!!
- Daily Bullish engulfing
Support Levels:
- Mid Range: .3009 BTC
Resistance levels:
- 25% range : .03115 BTC (Very weak resistance now, hammered 3 times already)
- Range High : .03219 BTC (Strong resistance)
Stop loss: .02919 BTC
Game Plan: Long the test of support, sell half of the position at Range High, if we break through the range high level, we have found the bottom of which should be considered a very strong rally and should be targeting .03540 and higher!!
Stop loss remains intact below the low of previous daily bullish engulfing candle, that base should be defended by the bulls if we are to push higher.
Cheers!!!
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