EWHALE

Bitcoin Cash About To Take Off

BITFINEX:BCHUSD   None
Bitcoin Cash About To Take Off

Bitcoin Cash looks very strong again since his last run.
One reason for this could be the upcoming fork on May 15th.
You know the potential of what Bitcoin Cash has as soon as it shows a sign of strength.
Roger Ver will do a lot to make the coin fly like the last few times.
Once the correction is over and we break through the critical area the fun can begin.
You can find the first targets on the chart above.
Comment: BCHBTC:

Comment: ''It may be that we drop another 5-10% from here before it goes up, but that would not change the idea, it would only change the trend line.''

This shouldn't happen anymore.
We broke out of the flag and critical area of around $9,800.
This should go up till around $10,200-$10,600 until we see another correction.

Comment: 'Sorry, this is should be a post for the Bitcoin idea. ignore it for Bitcoin Cash*
Comment: The proof that analysis works in every time frame, if you do it right.
BCHBTC analysis on 1 min time frame:


Result after (~15 min):

Comment: And usually you wait for a breakout from the flag, a small correction and then put your stop loss under the impulse or flag before entering a trade.
But I assume that most of you have bought much earlier :-).
Comment: Wouldn't sell anything at first target.
Mostly will go much higher next days.
But it's your decision.
Comment: To be honest, Bitcoin Cash could break all targets at one day like it often did before.
It has potential for a new all time high from here, let's see.
Comment: Expecting Bitcoin Cash to shoot in the near future.

Comments

So excited :) - Come on Bitcoin Cash, show em what you got!
+2 Reply
Cashening
+2 Reply
what if bitcoin fall. does it not affect its way to north
+1 Reply
EWHALE VIPIN_IITK
@VIPIN_IITK,
Probably, but by the time Bitcoin goes down, all the altcoins should reach their top already.
A cryptocurrency that I would not get at the moment is Bitcoin, since I do not see that it will rise much in contrast to the altcoins.
Reply
yes. Mine from 25 April. Adjusted in comments for the slight downside change but overall, called this since 25 april
+1 Reply
Thanks for your analysis but how can BCH possibly reach those levels if it is oversold on the daily and macd looking bearish? Bitcoin on the other hand has plenty room to move. It would seem to me BCH has already had its run from 5xx and it's due for major correction.
+1 Reply
EWHALE Hazey_11
@Hazey_11,

I recommend comparing the indicators of the last pumps.
What the indicators say does not mean anything.
+1 Reply
Hazey_11 EWHALE
@EWHALE, Ok thanks. So you think it's ok to hold till your last target close to 3k. How much do you expect it to correct after this and 15th May. I'm starting to think bitcoin cash may very well go much higher but would be nice to know if should sell 100% and buy back on th big dip. For another ride up. Do you think it could be the real bitcoin?
+1 Reply
Hi @EWHALE provide update for Bitcoin Cash. BTC is looking bearish at the moment short term, will BCH follow? Where do you expect it to correct down to before taking off again?
Reply
Hazey_11 Hazey_11
@EWHALE, I meant to include please :)
Reply
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