joris_bch
Long

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
Comment: https://global.rakuten.com/corp/news/pre...

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.
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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 !
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@Buppido, kuddos to you, you got a very nice entry there ;)
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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 :/
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@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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