Crypapi
Long

BCHUSD

BITFINEX:BCHUSD   None
Hi there,

Longterm hold for BCH,

Breakout from triangle will make huge move for BCH, I entered long position @ 1290 and will be holding for extension to 618.

Target - 70% ~~

RSI downcurve is getting to and end and we should see upward movement continuation from here.

Stoch RSI has been rockbottomed for some weeks now and is ready to lift up.

Stay stay, good luck!
Comment: Target reached, Trade closed.
Symmetrical triangle means could go either way, no?!?
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Crypapi Doc-al-Citadel
@qdoc, It can, but if you check the RSI / Priceaction + Stoch RSI its good signals that a breakout is close. If not this wave next wave, do your choice and your thoughts are welcome!
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Crypapi Doc-al-Citadel
Also, the bottom line is the trendline.. @qdoc,
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@Crypapi, thanks for the explanation, i do fa not ta so thanks. I'm personally not confident in this coin. But as you say each to their own...
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Crypapi Doc-al-Citadel
@qdoc, I understand, since previous trendline was broken im not too confident either, but im in with a stoploss as usual, and with its extremly fast network / scaleability i think investors are already in this coin.
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@Crypapi, yes sure they are, but I think alts will give faster higher returns and bitcoin and the ethers better for medium to longterm, I hold quite a few bch still though. So if it reaches a few k i'll be happy. Thanks for your time and analysis man. I also think btg has a bigger potential upside. I think gpu equihash mining could be very advantageous and I think it can work synergistically with btc and other coins such as litecoin, iota, etc...
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Crypapi Doc-al-Citadel
@qdoc, Like
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@Crypapi, ;-)
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Crypapi Doc-al-Citadel
@qdoc, u see =) good trade
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@Crypapi, it's be a good trade when we get to 3k!!! I own around 10 so if that happens i'm out ;-)
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