jfroaalonso

BCH LONG

jfroaalonso Updated   
BITFINEX:BCHUSD   None
massive break out. Managed to play the peaks using fib retracement and extension on the way up, predicting next peak using same technique.
Comment:
Currently around that .618 fib mark..this is a sharp deep retracement, as expected for wave 1. It has strong support on 30 min rsi, expect it to double bounce anytime and attempt start of wave 3, if it fails to break out, it will have an extended retracement, if it breaks .786 fib, down it goes back to 1570, highly unlikely however.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.