-METHODOLOGY/PSYCHOLOGY- Chart Time frame: H1 Time frame: H4 Actions on - A – Price rejection @ 54.00 or 48.00. B – Beliefs: Market will be correcting itself toward 54.00 to 48.00 . This is due to a corrective wave after a complete 5 Elliott Waves(Related Idea), after that has formed a descending channel that would bounce until wave (E). I would be paying attention how it behaves around this levels. C - Market Sentiment: Bearish. D - Speculation: Very High on BCHSV, if you have been following BCH fork you know all the drama behind, I like that! Very Emotional Coin.
BCHSV just gave us one chance to buy at 56.40 after I published the idea .I didnt expect to hit the target that fast. As long as we keep trading above 68.00 we have the chance to go higher.
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