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ParabolicP
Mar 13, 2024 6:41 PM

Bitcoin Cash (BCH) Chart Analysis: Observing Giant Double Bottom 

Bitcoin Cash / United States DollarCoinbase

Description

The BCH/USD weekly chart displays a pattern resembling a giant double bottom. If this pattern plays out, technical analysis suggests a possible price target exceeding $3200. Due to Bitcoin's historical dominance in the market, some consider Bitcoin Cash a "clone" and speculate that its price movements might echo Bitcoin's to a certain extent. This concept is similar to the idea explored in the movie Star Wars: Episode II – Attack of the Clones.

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It’s all funny until it happens

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Smart money is buying

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Moving faster than most people expected I’m sure.

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Immediate resistance is around $736

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Strong

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Might be time for a pullback on the 4hr. Bearish divergence is building.

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Comments
cwilson7147
Just the beginning
blissfulOwl57132
According to recent reports, the U.S. Securities and Exchange Commission (SEC) received the application for VanEck's Bitcoin Cash ETF again. 🚀
cipher0001
Works for me, I always buy 10k worth when it goes back to $100, easy money.
blissfulOwl57132
This is indeed the beginning. Just wait. If history repeats itself this one turns into a real moon rocket the following October. When it repeats its history will be at the top in about 365 days starting from today - the top will be around Weekly Fibo 1.618 (~7200$)
MKD84l
Lets gooo!!
Leo-btm
good one
MKD84l
So what u think he gonna do ?
ParabolicP
@MKD84l so far looks good big boys have been buying
MKD84l
@ParabolicP nice boss , im in since 246usdt:)
ParabolicP
@MKD84l this is likely for liquidity for an exchange
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