DanielSpeiss
Long

BCH Almost in a strong rebuy, trend reversal soon.

COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
Here are some observations I have on BCH with where we stand, potential next moves.


In the fib I put down, you can see that the retracing patterns almost align perfectly as the price falls @ .75, .618, .5, and now .382, at least 3 verified.

The price is slowing down looking at this pattern.

We can also see on the Macd that it hit a bottom resistance in volume .

We can also see that BCH is trading, respective to the continuation within this fib area, will be trading at or around a 45 degree trend, which is the standard for a growth pattern.

It is also standard and average to see the retrace fall within 40-60% before continuing its actual trend. Looking at the Fib we are now in that.
if btc keeps going down it will drag this shit down to 100 dollars again, do the analysis vs btc instead, useless doing vs dollar
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@Crypapi, Yea I should do a btc comparison, I didn't factor it in initially because BCH lately has had less latent and congruent with BTC.
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