Being asked about BCHUSD targets and it is difficult to nail down a top but as the structure of the complex unfolds it becomes more clear, kind of like if someone was painting a picture in front of you and as it gets closer to being finished it becomes more recognizable what it is. Ideally I would like to see three very similar looking bullish waves followed by a 4th slightly different slightly smaller and a 5th that is much much larger. If that situation happens then we are off the charts and well over 1200. For now lets target the 800-900 area and we can update the target as the complex is revealed. A bearish breakdown would mean that this this third wave would fail to break to a significant high above this completed second wave and break down through our establish bullish continuation base trend line, and we would then consolidate back down to a higher low.
BTC will implode... Just waiting to recover my ALTS! BCH is the top list!
imkeshav
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631..what now?
ParamvirSingh
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I was observing since last night..the trend does look bullish but does it seem strong enough to break through that psychological level of 700? I am still waiting to set my sell off limits,,suggest
graham.edwards84
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@ParamvirSingh, yes it could get hung up a bit here and we could see some sideways movement but I am confident as long as big brother bitcoin doesn't crash otherwise we will see money moving to the sidelines via fiat and USDT