aoeuaoeu
Long

Something Big is Going to Happen to Bitcoin Cash

BITFINEX:BCHUSD   Bitcoin Cash / U.S. Dollar
Bitcoin Cash             just completed a beautiful 5 wave impulse and is now priming for a new breakout. Bitcoin Cash             formed a descending triangle , which could be a ABCDE correction. If that is the case, an explosion is imminent. Furthermore, the price action after breaking out of triangles is rarely stagnant; either it dumps or it explodes upwards.

However, the lower support line of the triangle is held up by massive whales stacking buy walls. If those whale decide to remove their the walls, the price could easily tank. So the strategy is to buy when the price breaks the resistance with VOLUME and sell when the price tanks below the support.

snapshot


snapshot


Another risk is the price action of Bitcoin             . If Bitcoin             tanks, then there will be no doubt that Bitcoin Cash             tanks along with it. On the other hand, Bitcoin Cash             could soar if Bitcoin             either continues to trade sideways or goes up.

Comment:
snapshot

If you didn't get in, wait for a ABC correction.
Comment:
snapshot

Extended 5th Wave!
target?!?
Reply
@qdoc, I'm thinking around 1800, but I would advise to lock in some profits along the way.
Reply
qdoc PRO aoeuaoeu
@aoeuaoeu, ;-)
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out