$BCH/USDT | 8H |
🗺Market Situation
The overall picture is telling us that Bitcoin Cash has been going through a distribution in the last few months.
🕯Outlook
On first look it seems wave (b) has finished with a broken wedge. However, the quality of this move will be tested in the next retracement move.
⚠️Key Levels
The first highlighted red circle and reaction to it will show us whether we got a solid rejection to continue wave (c) or not?
If price breaks above red zone, then Correction was a sellers trap. Wave (b) has not ended yet. Then the highlighted green zone is the next Retracement Area
LINK IN BIO FOR MORE TRADES 🆓
#BCH #Bitcoin #BTC Price Analysis# #BitcoinCash
🗺Market Situation
The overall picture is telling us that Bitcoin Cash has been going through a distribution in the last few months.
🕯Outlook
On first look it seems wave (b) has finished with a broken wedge. However, the quality of this move will be tested in the next retracement move.
⚠️Key Levels
The first highlighted red circle and reaction to it will show us whether we got a solid rejection to continue wave (c) or not?
If price breaks above red zone, then Correction was a sellers trap. Wave (b) has not ended yet. Then the highlighted green zone is the next Retracement Area
LINK IN BIO FOR MORE TRADES 🆓
#BCH #Bitcoin #BTC Price Analysis# #BitcoinCash