Hello, I`m Liyatt.
I just realized now that Bitmex's bitcoin cash is on the trading view chart.
Let's start analyzing with the right chart.
FIB Retraction Bounce to 0.5 ratio and then fall to bottom of parallel channel.
If breakaway the parallel channel and do not support 0.039 BTC, bch will end the FIB Retraction and a drop to 0.029 BTC will occur.
If support 0.039 BTC, The purchase will continue.
Since the downward trend does not change until the 0.075BTC break through, selling can occur at any time. Stop-Limit must be set to tight.
long and short positions are not recommended. because 0.053BTC is the center of the box area. i recommend trading conservatively.
Please refer to the previous analysis.
im korean Trader , Even if i are not good at English, please understand me :)
I just realized now that Bitmex's bitcoin cash is on the trading view chart.
Let's start analyzing with the right chart.
FIB Retraction Bounce to 0.5 ratio and then fall to bottom of parallel channel.
If breakaway the parallel channel and do not support 0.039 BTC, bch will end the FIB Retraction and a drop to 0.029 BTC will occur.
If support 0.039 BTC, The purchase will continue.
Since the downward trend does not change until the 0.075BTC break through, selling can occur at any time. Stop-Limit must be set to tight.
long and short positions are not recommended. because 0.053BTC is the center of the box area. i recommend trading conservatively.
Please refer to the previous analysis.
im korean Trader , Even if i are not good at English, please understand me :)
