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BTCINVESTING
Nov 12, 2017 9:16 AM

BCHUSD (8h): Party over? Strong retrace possible ... 800 / 1000. 

Bitcoin Cash / U. S. DollarKraken

Description

Due to the many turbulences of the last days at BTC BCH has gained a lot. Nevertheless, BCH is strongly centralized and BCH is dependent on few people. Certainly suitable as a speculative currency and for trading, but the current indicators tend to point to a clear downturn. Be careful.

Max. Targets down could be 1100 / 850.

Let's see what happens. Happy trading. :-)

Comment

BCHUSD (1h): We touched fibo area at 0.38 at 1200. the train could go back up now. Maybe 1800/2000. Be careful. Its a mega fast train ... ;-) After that next retrace is waiting.

Comment

BCHUSD (4h): Current situation.

Comment

BCHUSD (DAY): Current situation in the Day-Chart. (Fibo also Day!)

Comment

BCHUSD (4h): Current situation. On the trendline ...

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BCHUSD (8h): current situation. how strong is the resistance?

Comment

BCHUSD (8h): current situation. price under bb center line

Comment

BCHUSD (8h): current situation. bch broke resistance line. restistance could be re-tested. then more up possible. but the situation is still fragil.

Comment

BCHUSD (1h): we see the re-test. more up possible.

Comment

BCHUSD (1D !!!): interesting situation. bch has reached fibo 1 (1600 USD) in the time frame 1 day. Let's see how hard the resistance is.

Comments
goldbug1
I'm not sure it's as centralized as people think. I think miners are switching! Love your charts BTC even if we do not always agree ;)
sfarooqa
@btcinvests
Do u think, that the pattern will repeat and we are going back to 13xx? Thx
Clueless13
Thanks, appreciate the reply. :)
BTCINVESTING
@Clueless13, you welcome. :-)
joaaana
it seems your prediction is absolutely right :)
BTCINVESTING
@joaaana, thx. I have been trading for many years according to chart technique and I am quite happy. :-)
joaaana
@btcinvests, say any price, i will follow you!
BTCINVESTING
@joaaana, at the moment i have no bch. :-) just for info.
Tmr
Nice char, thanks for analysis. Can we make it to 2000+ in this run or we are heading to 800.I am stuck at 2000+ so thinking when to sell to minimize loss. Thanks
BTCINVESTING
@Tmr, I think in this round it goes further down. if we really see 800 is still open. it's very dynamic.
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