Today's Trading Plan: BCHUSD (Bitcoin Cash)

BITSTAMP:BCHUSD   Bitcoin Cash / U.S. Dollar
378 5
The Bitcoin Cash rapid growth has slowed down. BCH is in consolidation almost for a week. And it means that the culmination will be soon.
Priority of the day: buying BCHUSD with a target of $1600.
Bears do not give up, and bulls are still accumulating strength. We have to wait for the best price to enter the purchase of BCHUSD .
Projected scenarios:
1. Flat is expected to remain in place until the end of the day.
2. The BCHUSD growth rate to $ 1600. It is better to wait for purchasing BCH in the $ 1324 level.
Alternative scenario:
Prolonged flat is always a risk of reversal. We do not exclude the scenario of a sharp drop in the rate of Bitcoin Cash to $ 1260, with a subsequent target of $ 1100.
As per your graph, are you expecting an overshoot of the $1600 rally to your sell zone?
Or consolidation at 1600 then another push up?
Btw , if this is the bottom of the dip, good call. Only a couple of digits off as one of your previous TA's.
@ArjieB, Hard to tell. Litecoin is very fast. He can go to the sell zone within a couple of days.
I would love for a correction down to the 1260-1100 ranges to suit the suitable correction required for substantial growth to follow, been waiting patiently all week for this drop... lol
OmarHalawi OmarHalawi
@OmarHalawi, saying that, the fib level shows the the 1100 should be the minimum target to purchase at, we could see a little bit more of a deeper correction :)
@OmarHalawi, Everything can be, Bro. We have no reason to argue. The market will judge everyone.
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