Not a countdown, but possible directions. Seems like we are at a crossroad. I base on the 4h and 1h charts, the daily could be a different story.
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Apparently after a small correction of the triangles, we are in the blue. If by any chance we go under the purple triangle, we may see a $300. But that will depend of the bitcoin move as well.
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Still falling.
Trade closed: target reached
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Well, here we are. The $300 land as I was suspecting. We may play a bit with +/- 10ish bucks but I think we reached a buy region. It's just an idea, not a advice, don't forget.
Bitcoin Cash will do what it does...seem terrible, shake off the weak hands and just when everybody is on the verge of hopelessness it will boom like never before. When the split occurs there will be trouble, and Bitcoin Cash will be the safe haven for the Bitcoin name... ill give it another 4 weeks before it explodes
SheriU
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@AnthonyBanks, I'm taking profits from elsewhere and buying BCH dips in preparation, if it falls further I'm jumping in with fiat. While everyone is chasing the uptrends... I'm chasing the downdtrend on this one
SheriU
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I'm feeling an upward turn
danalm
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@SheriU, Could be.
The daily is still a bit heavy on it, but I guess we'll know soon.
SheriU
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@danalm, yeah I think long term it's going to be a good buy, I have a feeling once China is back full swing things may change for BCH. So I'm buying the dips