erikdobra

BCH/USD - We Need Correction

Short
BITSTAMP:BCHUSD   Bitcoin Cash / U.S. Dollar
bitcoin is currently in an area that has 3 different selling waves
so its revision is to break the 3rd wave and continue a bearish breakout
with a drop to $ 460 where we can again have an increase up to $ 560 or even $ 600 .

Comments

We broke out at 378 and have been in a channel since dec 22. i don't like this chart because bitcoin cash looks similar to bitcoin. In order to have a correction, then bitcoin would need a correction. If you throw the charts on top of each other you can see they are almost exactly the same. If we fall out the channel, then we fall back into the old 2+ year trend that we finally broke. So keep this in mind! Goodluck with future trades friend!
Reply
erikdobra nickc2122
@nickc2122, Thanks for reply and the share your opinion , but i not say if is similar or no .. I think the wave 3 is same with what we have last week so i want more downtrend.
For moment the downtrend is run so i want now after sell to buy on deep zone.
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