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. :-)
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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.
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BCHUSD (4h): Current situation.
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BCHUSD (DAY): Current situation in the Day-Chart. (Fibo also Day!)
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BCHUSD (4h): Current situation. On the trendline ...
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BCHUSD (8h): current situation. how strong is the resistance?
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BCHUSD (8h): current situation. price under bb center line
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BCHUSD (8h): current situation. bch broke resistance line. restistance could be re-tested. then more up possible. but the situation is still fragil.
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BCHUSD (1h): we see the re-test. more up possible.
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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.
@joaaana, thx. I have been trading for many years according to chart technique and I am quite happy. :-)
joaaana
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@btcinvests, say any price, i will follow you!
BTCINVESTING
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@joaaana, at the moment i have no bch. :-) just for info.
Tmr
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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
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@Tmr, I think in this round it goes further down. if we really see 800 is still open. it's very dynamic.