BCH/EUR analysis

KRAKEN:BCHEUR   Bitcoin Cash / Euro
Just wanted to make an analysis on BCH/EUR

Please see my other BCH/USD which is essentially the same.

I strongly believe 1 BCH will be worth 520 more or less, and I'm trying to resist FOMO and looking for a juicy entry around 286

Good luck Bitcoin Cashers :D
Trade active

Bitcoin Cash is an official crypto supported by the largest e-commerce giant in Japan.

Enough said, MOON !
I've been playing with Kraken Futures exchange last weeks, and it's a very powerful tool but also very dangerous if not babysitted : This nasty wick got me stopped out of my kraken futures position.
Hello, be careful not to by early because you can't see it clearly on this zoom lvl of price but, deapite the ascending channel, there is a weekly head and shoulder forming if you zoom less.
It looks really big on the daily timeframe if you zoom out a lot.

So personally I'll step away for now or go short if get confident and wait to see if it bounce on 250 support to go long.

Anyway, like always there is a ton of different interpretation that I believe are equally valid.

Good luck !
+1 Reply
@Buppido, Thanks for the headsup bro !
@Buppido, kuddos to you, you got a very nice entry there ;)
Comment removed.
Buppido Buppido
@Buppido, I'll go short if the next daily close below the neckline, today it got tested but got rejected with really strong buying pressure, i'm waiting for a retest
+1 Reply
Buppido Buppido
Hope you didn't lose too much if you bought at 286 :/
@Buppido, it's ok but I'll need to be more careful about these wicks and have a larger stop loss
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