Don't know how I can make myself more clear, but Bitcoin Cash wicked the bottom of a MARKED out accumulation zone noted before the beginning of the year. HEAVY accumulation zone that would be respected.
And since then we've bounced off that level as well as the Easy Loot money maker signaled buy at the same time only confirming the move.
Bitcoin Cash might see a minor pullback but definitely not to $365 again. The next stop is $435 whether you like it or not. Bias hasn't changed one bit, still bullish until stated otherwise.
As always please do your own research, I am not a financial advisor.
short term will hit $140 and then final bull $500 +
arnnye27
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Zoom out to 1D/ 1W chart and see the big picture. You'll see a big wave ( from $170 -$500) , wave I. Next, wave II down from $500-???. This is still a corrective wave we are in i think. Because Fib retrace can go from 38% to 61.8% atleast on a wave II. Fib 0.618 would mean $297 bottom. Next target can be $335-300, if $360 suport breaks.
kyer
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@arnnye27 Yup man I see the bigger picture as well, $300 possible if $365 is broken
arnnye27
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@kyer, 1st sub-wave reached $363 already .. 2 more legs left to complet C wave. Don't see this holding the line. Fib .618 on the table. Then up, up( if it's not a H&S formation from $500 level, seen on 1W)
arnnye27
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@kyer, Well, corection looks complete, part of it.. We got 300..but doesn't look right to me yet, still to mush bearish signals. Do you see the H&S at $500 level on this like i do?
ShervinRazavi
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Is this an analysis or a bias on rise? Unfortunately some traders have a misundestang of what analysis is and think they should always talk about rising signals
kyer
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@ShervinRazavi, This is an analysis just like all my other posts. I don't even have much BCH, so I'm not shilling anything. Please watch this move play out
afshinghamkhari
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@ShervinRazavi, damet garm baba.. ina daran dg khol mishan..