ll21LAMBOS21
Long

Long Term BCH Trading Guide: Key Levels, Elliott Wave, Fibs

COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
Here's my guide I'm using for $BCH for the next 6-7 months.

Catalysts
Cashscript
Bitcoin Cash City
November network upgrade
April 2020 halving

Expected peak: 45 days before the halving (end of February)

T1: $974.31
T2: $1,418.84
T3: $1,863.37
T4: $2,138.09

Bitcoin Cash 2019 growth is impressive. I believe Bitcoin Cash is the most overlooked coin in the space and one of the best long term investments. Good luck hope this helps.
Trade active: Bitcoin Cash on chain transaction volume up 1073% since the low. 914% of that coming in the last 4 months.

$BCH up 323% since the low. Peaked at 607%.
Comment: Bought more
Comment: Buy zone posted July 27th, 2019. Currently in buy zone:
Comment: Upgrading $BTC and $BCH to Strong Buy.
Comment: ^
Current $BTC = $9,685
Current $BCH = $292

Added $BCH at $284
Trade active: Time to start averaging into $BCH. Wave 1 complete. Wave 2 complete or near completion. Price is currently at the 61.8% retracement (the golden ratio). We will soon be entering Wave 3.
Comment: Updated Wave 3 Targets:

Comments

Tank you friend
+1 Reply
Go short, my friend.
Reply
ll21LAMBOS21 Safe_Signal
@Safe_Signal, Nice trade. However, I am not shorting cryptos. It's similar to shorting internet stocks in the late 1990s pre dot com bubble. Tough to short the future!
Reply
ll21LAMBOS21 Safe_Signal
@Safe_Signal, Your cover targets are the same as my buy zone. The lower we go the more I buy. Good luck!
Reply
If roger coin can survive the nov "upgrade" without any incident, then I can see your targets being achieved. Problem is tho that every hard fork has invited hostile action so I fail to see how this can be a long-term hold. Not until something fundamentally has changed regarding network consensus.
Reply
ll21LAMBOS21 fortunekr
@fortunekr, To be fair, Bitcoin Cash has survived all previous upgrades thus far.
Reply
ll21LAMBOS21 fortunekr
@fortunekr, In the May upgrade which added Schnoor Signatures, the dev team detected hostile action immediately, were quick to react, and got the job done.
Reply
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