LisaNEdwards

BCH... DOUBLE BOTTOM?

BITFINEX:BCHUSD   None
Hey Everyone,

Just looking at some of the alternate charts right now where there is a LOT more money to be made!

BCH is in a triangle and is IMO an easy trade with money management. If you are on an exchange where you can trade Short or Long, this is the perfect setup!

With a triangle there is always 2 directions. With EW, I would take an educated guess and say from here we are going up, similar to what i am currently seeing in BTC . IF BCH does breakdown, the target is $300ish.

Also as shown on the chart, BCH has formed a double bottom pattern which is usually another indicator we are about to rise here.

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3
Comment: BCH is rampaging! No retrace as yet, just rising, currently heading for the 100 EMA at around $555 mark, possible to see a small retrace here, but with the Hard Fork coming, I'm not thinking that retrace will be huge.
Comment:

If this is an impulse wave right now, BCH is looking overbought, expect a pullback soon, with a 4th wave with 5th wave still to come, and looking to be extended due to Fork on the way <3
Comment:
4th wave in progress at the moment
Comment:
Looking at the RSI during the 4th wave here on a lower timeframe (4hrs) BCH is still looking overbought and in the higher RSI, IMO we still need to cool the RSI a little to hit upper targets <3
Comment: BCH has alternate plans yesterday and there was no cooling of the RSI...(as I had mentioned.) it is back in the same place as yesterday when I posted the chart. It actually never cooled and the RSI continued higher. The pattern has not yet finished, so based on recent events and future events (fork) BCH will continue on it's rampage :)
Lisa N Edwards
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by the hard fork they will give you the same equivalent of what you have
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