So here is a quick update, on the new situation with BITCOIN CASH. Here is the original chart.
So at this very moment it seems like on this 2h BCHUSD chart, that an ascending triangle has appeared (also on the RSI), which means that we might go a little higher and NOT fall through D4s (admitted) not so convincing HS pattern he made on his original chart. Also take a look at the bullish MACD-cross.
So the big question is if we break through, can we make 3 higher highers?? D4 thinks it will be hard, but its definitely not impossible.
If we DO NOT make a higher higher, but a lower high, we will go into the bigger descending triangle (pink/purple), which means that we will go down from there, and have the retracement D4 thinks is needed.