BCHUSD break Parallel channel down after hit 618 fibonacci retracement, and now try to break up 0.236 internal pattern. If we see some pullback, a good idea to follow bullish market with buy at 0.09 fibonacci retracement internal pattern at 413, and aim for bullish confirmation at 457.3. If bullish confirmation break up, maximum target at double top pattern at 547.3
Why on the last analysis the buyer zone was 398 and on this it is 413?
PopTrading
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@dnar1, I believe they set the stop a bit higher which is smart
CovidScamIsAnIQTest
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May I ask how did you draw the fib for the internal pattern? Thank you.
sides580
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I think with Bitcoin Gold coming out. BCH might be under a lot of pressure depending on what the road map for Bitcoin gold is. People will want to hold regular bitcoin so they get a piece of the action when bitcoin gold splits.
radikaarief
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Nice now more stable above 457.3
Time for rally at 547.3