KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
So far my initial idea of this being a rising channel we have tapped the resiatnce I was looking for. Now do we have a bullish break or contiue to tests this for a while and get rejected down to flip new support. Let’s see what happens.

Comments

I think this will go 715, then 750
Another possible scenario would be to look somewhere the lower limit of this channel and then continuation to the upside
To this moment Ive sold my profit around 735, I want to see how this reacts to the 715 lvl to buy back in
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@jsanmigu I agree. You did a smart play. Even thou it’s running still don’t FOMO back in
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It will def come back to 715 to retest
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It has to to prove to everyone it can hold.
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Did you happen to change your mind and re enter or you on the sidelines
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jsanmigu Erictaylor
@Erictaylor, unfortunately I didnt, that 720 lvl played me
I wasnt expecting this to start flying from there but at least Im still holding most of my position
Ill wait for a clear and nice correction to buy again from there
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jsanmigu Erictaylor
@Erictaylor, Lets see what happens, I still think this bullrun could be far from over
Lets keep playing this and see what happens!
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jsanmigu Erictaylor
@Erictaylor, I see this going to the 680 lvl (lower limit of the channel) again
To me is that, else this thing is about to blow up
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@jsanmigu I know how you feel bro. I ran this from 475-618. Sold my long. It ran to 640 I wanted to FOMO in so bad thinking I was wrong but stuck to my guns and my support levels I knew. Placed my next long play at 597 got a big order there and it was an excellent move. I stayed long since
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I was considering locking profits at 820-825 then looking for new position at 715-750 but now that it’s breached a lot of my support zones I think in good staying long 595 and just buying more on a good correction
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