Hi guys !
Today we are watching BCH with 1 day sticks. In the beginning of this year we saw BCH playing at about $2500 and just a month later we are taking notes on $1200. The correction has been going on for more than 40 days so we are all hoping it will be over soon.
If you look at the last 10 days, we have seen BCH dropping more and more but I think there's a very good buying moment at $1100 within 3-4 days. Looking from 22/01/2018 until now we might see an coming up with the left shoulder already formed. I guess that the head will reach $1050 - $1100, a good buying point, and then will rise again too $1600 - $1650 where it will be testing the place to start a right shoulder.
Anyway, i'm convinced that towards the end of February we will have BCH above $2000 again so buying it now can result in a 100% profit within a month.
Let me know what you guys think !
Why do you think that? Could you explain some more?