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AzrulAzir
Sep 23, 2017 11:44 AM

BCHUSD Long

Bitcoin Cash / U. S. DollarKraken

Description

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
Comments
dnar1
Why on the last analysis the buyer zone was 398 and on this it is 413?
PopTrading
@dnar1, I believe they set the stop a bit higher which is smart
CovidScamIsAnIQTest
May I ask how did you draw the fib for the internal pattern? Thank you.
sides580
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
Nice now more stable above 457.3
Time for rally at 547.3
acostalugo85
sides580
BCH keeps bleeding me. 3rd time a charm I hope.
djkirbynz
interesting TA keep it coming :)
deonjoubert
Nice analysis, thank you.
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