BCH/USD - Bullflag / Falling Wedge - 980 Breakout Target

21 thg 7, 2018

BCH/USD - Bullflag / Falling Wedge - 980 Breakout Target

21 thg 7, 2018

Ghi chú

Let us analyze the Volume Profile and plan our moves.


# Previous strong resistance @750 has been tested by our falling wedge and now acts as support.

# We will watch 850 .... 900 closely

# Once we broke through 900, the Volume Profile suggests 980 ... 1020 as next major resistance area - which is our Fibonacci & Flagpole extension and target area!

Let us take a closer look:

1) This area has acted as support for the April bull run.
2) This area has acted as support end of May, beginning of June
-> but then failed.

21 thg 7, 2018

Ghi chú

Bigger picture.

# Notice - Anytime we test this area as RESISTANCE it fails and we shoot above it.
# Despite last August - the test failed and we have been rejected by this resistance.

22 thg 7, 2018

Giao dịch đang hoạt động

23 thg 7, 2018

Giao dịch đang hoạt động

23 thg 7, 2018

Giao dịch đang hoạt động

23 thg 7, 2018

Giao dịch đang hoạt động

Long is doing well. We broke out of that small iH&S

Set Stop Profit ~@797
Watch for resistance @860

24 thg 7, 2018

Ghi chú

Stop profit got triggered yesterday. Re - enter with a better position

Key resistance/support is now 832 ...... set a take profit order right under it and let the gains run.