BCH STILL HAS BULLiSH BiAS

IF PRICE CROSSES MY GOLDEN LiNE I'M READY TO GO LONG AGAiN


TRADE:: BCH_3
STATUS:: Contemplating

TYPE:: LONG
SIGNAL:: 4H MFI > 50, OBV HEADS UP
FILTER:: PRICE ACTiON

VOLUME:: $3000
ENTRY:: 246.84
TP:: 7%
SL:: 1,68%

PROS::

1. BTC iS UP
2. +30D ACCUMULATION
3. HISTORICAL S/R LEVEL
4. IT MAKES SENCE TO TOUCH OUR MAIN RESiSTANCE LEVEL AT 260 FROM


CONS::

1. FAKE BREAKOUT AT FIRST TO LIQUIDATE MARGIN LONGS, BE READY TO RE-ENTRY


OVERALL:: STABLE BTC SHOULD PROViDE A LITTLE ALT SEASON, BUT PROBABLY THAT iS THE BEGiNNiNG OF A NEW BULL CYCLE

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