BCH/USD current view

Hi folks,

My current view on bch is as follow

Im expecting a further retracement to at least 1460$ its possible to retrace even deeper to 1330$ i personally would like to see 1330$ over 1460 because the target would be higher

We probably will see a consolidation for at least 1 week before starting anotter wave if you look on the chart you will see everywhere zones where we consolidated before going up.

I will keep this idea updated


- rakim

Comment:

New target 2.2k incase we already bottomed it dont seem to dip below the 0.38 retracement

0.38 is a very common ratio for the 4th wave

Comment:

Pay attention before others do we never consolidate without a reason this will go up 100%

btfd

Comment:

correction ended 5th wave starting now my minimum target on this is 2k now could even be a extended 5th wave who knows

If my wave count is right we might see a 50% corrrection after this to 1150$ first a small abc on the subwave a typcial bounce. After that we may enter a little bear market to complete the abc on the bigger wave

My plan is as follow i will sell at 2000 and keep 100% of the profits in bch i believe in bch and im pretty sure it has a very bright future

Comment:

didnt went as planned what ever

new target 3000-3300 $ i will update this later and post a chart

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totally forgott to update :

Comment:

Target still remain 3k +

Btc is also almost done it may drag bch down this would be our E then

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It's not an ascending triangle but a symmetrical with a big pole if btc keeps droping with bch too its probably just a big bulltrap

this is a massive massive penant

Comment:

im starting to like this penant more and more, i also wanted you guys to know that in 2 ~ days the difficulty on the btc network is going to adjust you can monitor it here: bitcoinwisdom.com/bitcoin/difficulty

Im expecting some manipulation again btc down : bch up like last time