This is very much experimental analysis, have put very into it, trade is already in. I'm experimenting with Fibonacci Circles applied with a similar technique I am already using for classical Fibonacci and sometimes it picks very much interesting points. BCH is moving relatively wide swings with huge gains which makes it very good for swing trading / scalping. Target on chart, with a very short trailing stop. BCHBTC looks like completed ABC correction and is going for its wave 3 and BCH usually spikes like a rocket, let's see how this unfold !
I have put together both techniques to check confirmation and it all looks like there is a good risk return here:
A zoom in shows we need to break out above the MA50 on 1H for this run to pickup pace and so far it is a little bit shy:
A bit delayed, but looks like it started finally:
Setup invalidated, timing was not right, BCH is going for ABCDE correction, if you are already in and can wait for 3 days it can still payout, this will be the new setup which I will publish in 3 days:
BCH is trapped on circle triangle, once it break out of this formation I will publish another idea:
Diese Website verwendet Cookies, um sicherzustellen, dass Sie das bestmögliche Erlebnis auf unserer Website haben. Um mehr über Cookies zu erfahren, einschließlich darüber, wie man Cookies kontrolliert, lesen Sie bitte unsere Cookies Richtlinie.