CRYPTO of the week: BCUSD - bearish sequence to better buy lower

1 Mei 2018

Bitcoin cash broke 29/04/2018 low and therefore ended a cycle from 1,225.55 low. Now, having reached equal leg area, we can have either a bounce from here to completed red -1- (not preferred view) or as per chart, we go beyond 1,263.78 to complete red -3-. 1,225.55 is soft support and a break would open 4h chart equal leg area for execution of the setup. For now, I don't like selling and will look forward more data to refine the structure (that I expect as a motive 5 waves, so look for RSI divergence at some point but later in the week

Invalidation to the downside is 1,574.37



Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD

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