Looks like we´re touching the support and the RSI is oversold. If it bounces we should aim UP
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Will you take the BLUE pill or the RED one now ? :)
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BCH bullish as hell now
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Volume increased in last 3 hours by 500M USD ( Mostly again from Korea - Bithumb )
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seems its time to go higher :) I´ve opened the trade at 900 with stop loss 950 as I like it tight and with profit.
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Possible breakout with trade opportunity
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Called to early :) UPDATE
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1st target reached
Trade closed: target reached
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Target 2 reached :)
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Target 3 reached :) Hope you enjoy ;)
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Ok time to hold and just tighten the stop losses as the BTC if in the free fall and nobody wants to catch falling knife. Enjoy money beeing pumped into BCH :)
Could you plz explain your updated chart? BTC breakout the resistant and keep mooning BCH will go downtrend. And if BTC has correction BCH will start uptrend at this weekend?
Anoinvest
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@teppi020387, Yes that is what I´m expecting. But anything can happend in crypto :) and if it plays out that BTC will reach ATH and start correct there is possibility of reversed H&S forming. But the C correction which was everybody expecting to 4,5 - 3 K ( C correction ) is probably not in play anymore as the drop to 5,3K from 7,8 was and we might be allready in way to 10K. It´s funny how always some kind of missleading info comes out when were´re at ATH and some FUD appears because correction is needed. I´m just surprised that the last correction was so FAST !!
Anoinvest
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@teppi020387, But actually it seems that BTC is mooning hard and BCH is holding 1K support very well. Check out for.lol might give you overlook one the profitability of BTC / BCH mining
astrologychick
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I bought some last night. I agree with this analysis, and am hoping that BTC is in double top territory, if not I will hold - we'll see. Thanks.
Anoinvest
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@astrologychick, BTC mooning and allready reached new ATH 7890 :) see ya on the moon. Good luck
astrologychick
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@Anoinvest, Yep. I see it. There's no stopping the 'Animal Spirits' once they start - and they don't care about fundamentals.
Anoinvest
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@astrologychick, since last hour another ATH 7979 I think 10K is on touch meanwhile BCH lost support and aiming to 900
astrologychick
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@Anoinvest, Ok, ok, I already see it. I don't need to keep hearing it, it's already painful enough ;-/
Anoinvest
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@astrologychick, Tell me about it. I sold some of my LTC to load more BCH than I had from the fork and It's now pumping because of Lightning and I missed it as I was doing TA for BCH :/
astrologychick
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@Anoinvest, Ugh. At least I still have some LTC, BUT I'm sure that ETH will pump next and I will miss it and now I have to wait for BCH to come out of hiding. Well, such is the trading game. I think there are much larger (and more evil) market forces at work behind the scenes. But who knows. Anyway, I still believe in the fundamentals of BCH, so I will not cry into my cold coffee. I will just HODL