Bitcoin Cash happens to be in the rising wedge formation + finished 5-wave cycle, I am awaiting a little rally upwards (possibly even to retest 1850 USD) and then C leg of the correction downwars. That should take us at least to 1250 USD and the mid-term trendline. If it can´t stop the dump, we can go even lower to long-term trendline :)
There is coming another piece of market correction now, so stay tuned! Please don´t forget to hit the like button if you agree.
Looks like you nailed it. Where do you see it going now?
onaivas
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Are ignoring the fa for ta only and do you not think the fork on the 15th and the massive event in hong kong will have no effect?
Blockspacecz
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@onaivas public knows about the fork quite a while now. In my opinion this actually hyped the price up last month and fa is mostly included in the price now. Everybody bought because of the fork and now waiting in long BCH positions, so after fork I don´t really think there will be enough buyers. I might be wrong of course, but it seems so to me.