BCH - What is next for Bitcoin Cash?
Hi Everyone,
BCH is now coming back down to close the imbalance that had been left once it broke swing highs last year.
There is an order block sitting around 140, which should be the area to watch out for your buy limit orders.
I expect price to continue falling to that area and I will start opening buy positions once we see confirmations that the Order Block will hold.
Stop loss should be placed below the daily swing low, as the market could still drop further to the lower order block around 120.
BCH is now coming back down to close the imbalance that had been left once it broke swing highs last year.
There is an order block sitting around 140, which should be the area to watch out for your buy limit orders.
I expect price to continue falling to that area and I will start opening buy positions once we see confirmations that the Order Block will hold.
Stop loss should be placed below the daily swing low, as the market could still drop further to the lower order block around 120.
L.G