Are you watching this closely enough? Because #BCH respecting critical ascending support, and if you're not prepared, you might miss out on a huge opportunity. Additionally, we are seeing selling climax has been formed, a classic probability that institutional buyers are stepping in. This is where things start to get exciting.
💎#BCH overall structure is bullish on higher time frames and on retracement #BCH respecting the ascending support. Further the Relative Strength Index (RSI) is showing clear divergence, adding more weight to the bullish case.
💎#BCH holds momentum within the Fair value within the demand zone, the setup remains high probability targeting an initial upside move toward 645, a key moderate resistance and structural level.
💎#BCH formed selling climax, a bullish probability that confirms accumulation. During the retracement we saw a selling climax followed by a climactic action candle with ultra-high volume a textbook probability that smart money is loading up. Most importantly, if it breaks the above the upper trigger line of the selling climax (climactic action bar) with a momentum candle, these are the clearest probabilities that the big players are positioning for upside. If this momentum sustained, #BCH could climb toward 665, which is a major resistance to watch.
💎If #BCH fails to hold bullish momentum and a momentum candle closes below 561, the current bullish probability becomes invalid. In that case, we could see further downside pressure.
That is why Paradisers, we are playing it safe right now. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities only on confirmations.
