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planabcfailed
Nov 13, 2017 2:29 PM

BCHUSD Current state 

Description

Yesterday BCH didnt breakout and double bottom pattern didnt confirm. now it looks like its in a falling wedge pattern. Any upward breakout of the red line could lead for a reversal. Also tere might be a relationship with BTC,when BTC goes down, BCH goes up. Next thing thats interesting is that OBV and Accum/Distseem to be in a divergence while there is a price decline. This could mean that there is a controlled accumulation going on.
Because of the huge risk i cant tell you when or where to buy or even to hold BCH because it can retrace very hard.

Comment

first resistance is officially broken

Comment

i might buy in when it breaks 2nd resistance
Comments
astrologychick
Yes but BTC has thousands of unconfirmed transactions. The BTC chain faces the very real danger of death, while BCH does not.
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