B166ERcrypto
Long

BCHUSD Already Broke Triangle and Golden Cross

KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
Please like and follow if this helps you. Bitcoin Cash has been on a tear and has already created higher highs and higher lows. BCH has also broken the symmetrical triangle, and has also broken upwards and consolidated above the 200 Day Moving Average.

I feel comfortable considering this a leading indicator for Bitcoin . This is likely what's coming for the Bitcoin price.

Not financial advice. Thank you for the support if you liked and followed, much appreciated!

Peace, Love, & Crypto,
B166ER

Comments

Hello, are we going up? what is your price target?
+1 Reply
@altcoincu, I don't have a crystal ball but I've studied Bitcoin for years and this is what a bubble launch looks like and feels like to me. I think Bitcoin is gunning for 14K then the ATH. Since I believe that we're heading into a bull run I don't have targets. I just HODL and use my HODL position as margin and I just keep my long orders well below spot price to catch dips. That's not advice, just my strategy.
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thanks
+1 Reply
I'm a position trader that believes the macro trend has changed from bearish to bullish. I currently have an Altcoin HODL basket with a bunch of top alts and a Bitcoin HODL account on an exchange where I use that as collateral for margin trading. I place laddered orders in several places below spot and wait for the market to come to my price and bounce. If it doesn't well I always have my HODL positions. It's more difficult to lose this way instead of guessing if it's going up or down on a short time frame and going in and out of fiat. Market makers hunt for liquidity so much that it's hard to set stops anywhere reasonable. I believe that cryptos will reach ATH's in 2020 or beginning of 2021. I'm hodling because I think this is a great time to get in and hold until the next macro market cycle. With no crystal ball it's hard to say where it will top or what will happen in-between but it's easy to see that it's likely to happen again. Not investment advice, just what I do.
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