BCH short

T

Trading Ideas

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BCH short
Bitcoin Cash / Dollar (calculated by TradingView) BINANCE:BCCUSD
Gruntle

Just some trendlines drawn. Currently, some significant ma levels on COINBASE:BTCUSD and BITFINEX:BCHUSD 6hr time frame have crossed over bearish . Additionally, the daily macd has also crossed bearish for both. I would avoid an entry at the moment, and wait to see when the bottom is in. I know my line are messy, but my expectation is a drop to around 1050-1150 area. Will have to see how the weekend unfolds. I saw the correction unfolding on the 8th, and exited much of my positions at that point. Stay calm and good luck.

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