BCHUSD correction may come. Bitcoin cash can go up big in the long run. It is advisable to take a long position. In the short term, corrective movement may have a better chance. I expect the correction from the level of 690.56 usd. I expect a lower level of corrective movement up to level 584usd. I’m not going short, I’m looking for a long ticket in this corrective move. The target price for the next rising wave sequence is 1215usd
I think there is only one chart to be analyzes BTC,when it rise and stable all altcoins will rise and when it start to fall down like now all will follow it so what's the meaning of analysis?
meszaros
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@Omeda12, The purpose of the current analysis is to draw attention to a possible correction (which is now happening). I expect a further rise in the long run. There is no change in that.
sumairk
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Ahh good job i was trying to short last night at 740 but too lazy to set stop loss, everything was fine until the big BTC crashed. :)
meszaros
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@sumairk, Thank you for the comment. Now bitcoin has reached a volatile stage. In my analysis a few days ago, I wanted to draw attention to this. At this stage, I buy all the downward moments. In the long run, bitcoin will rise. Volatility is mainly caused by the strengthening of the transitional dollar. The strengthening of the dollar will not last long. In a few weeks, the main trend movements will return. Then it will be easier to take a long position in bitcoin as well.
sumairk
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@meszaros, Yes agree but i am trying to understand here about time correlation b/w these pairs, like when dollar dropped the same time btc also followed shortly and went into correction for a moment.