DawgPK

BCH - Bitcoin Cash going UP (Time to Buy)

BITFINEX:BCHUSD   None
BCH has completed a beautiful Head & Shoulders pattern. Now it is sitting right on the support line. Consolidation can take up to 5-6 days and bounce to the major resistance level up at around $2000. Its a perfect time to BUY !

Here are the buy and sell prices:
Buy - $700 - $800
Sell - $1100 - $1200
Buy - $850 - $950
Sell - $1950 - $2050

You can buy again on the pullback from $2000 resistance line. We will take it from there.
Comment: We are moving perfectly ad we had foreseen. Keep holding guys.

Comments

Hey Mate
just saw the news ,US has seized thousands of Bitcoins in their sting operation.
Will this again another signal for another fall?
or it can help in price rise?
please share your views
Reply
DawgPK AnUser
@AnUser, I think this is a bigger news here: Facebook lifts ban on currencies and may buy coinbase exchange

https://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-cryptocurrency-ban-coinbase-bitcoin-exchange-a8418841.html
Reply
Will it continue to go down or anything positive?
I already lost 15K :(.
Reply
DawgPK AnUser
@AnUser, According to analysis, it seems like it will bounce from the support level and go up to $2000. Patience is the key. You have not lost anything until you get money out of system. When market is trending downward many people lose money but patience is the key. Don't worry you are not alone ;)
Reply
AnUser DawgPK
@DawgPK,
thanks mate
Any idea what is the bottom bounce level can be?
Is this near 600 or can be more lower?
Reply
DawgPK AnUser
@AnUser, I do not think it will go lower than that
Reply
AnUser AnUser
@AnUser, I hope the same
Reply
Isnt H&S supposed to be bearish and price goes below neckline?
+2 Reply
DawgPK imkeshav
@imkeshav, the Head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend.
The HS top alerts traders that an uptrend is over and the price could head lower, while the HS bottom notifies traders that the downtrend could be over the and the price will head higher.

The price went below neckline after touching $1800 mark and now is bottoming up
Reply
First BCH will vo to $600 level then it will go up. What do you think?
Reply
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