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VasilyTrader
Mar 9, 2021 5:54 AM

Bitcoin Cash (BCHUSD): Preparing for a Bullish MOVE Long

Bitcoin Cash / United States DollarCoinbase

Description



Bitcoin cash is forming a classic inverted head and shoulders pattern.

555.0 is its horizontal neckline.
For now it serves as a resort for intraday traders to sell from.

I will be waiting for its breakout to buy the coin.

Goals will be 647/730


Remember that in case of a formation of a new lower low below the head,
setup will be invalid.
Comments
alex1806
Meanwhile, BCHXBT went now firmly under 0.01 (all the way down from 0.25 since its launch), a psychological support that pisses off even the most hardcore supporters of this coin. Yes, it might soon have a bullish breakout, but this is not a coin to hold... this is just to speculate and always cash in the profits and not hold it like a moron as I did all this time, while I could have done better if I had almost any other coin.
alex1806
@alex1806, apologies, I was talking about BCHBTC going down under 0.01 (from 0.25), not BCHXBT
VasilyTrader
@alex1806, thank you for comment buddy!
alex1806
@VasilyTrader, pozhalujsta Vasily:-)
Tapita
Nice chart Vasily. I have some positions opened of BCH. It looked like start this year witha lot of impulse....but then BCH cooled down. It goes very slow and there is a small correction in the market BCH sinks rapidly. Still is a great coin and shall see 1000 dollars price this 2021. Please keep updating us on BCH. Thanks
ProjectSyndicate
it's a neat technical review and great chart. looking good!
VasilyTrader
@ProjectSyndicate, thanks a lot my friend 😊
CptGhost
Very nice chart!
VasilyTrader
@CptGhost, thank you my friend :)
DeGRAM
The price moves like you said in a bullish move.

Do you advise buying immediately after breaking the line or after a correction?
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