Xatos

BCH Still Has Profit Potential

KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
You shouldn't be on this website to shill coins; you should be looking at technical analysis in order to predict price action in order to PROFIT, regardless of the name of the coin or the tech/personalities behind it. I've tripled my money almost entirely on BCH alone the last couple of days, despite all of the naysay in chat calling it a "shi7coin". I don't care if that's even the name of the coin, and I don't care if it's the child of 20 parent forks, I'm here to make money, and right now BCH is where the money is at. I'm following my own charts, and chasing volume trends in consolidation patterns.

The graphs are beginning to change quite a bit, and the ranges are getting wider and longer. This to me suggests that it there's a battle going on right now between a new surge of people who want to see it grow, and other people using it as a vehicle for volatile trading and gains. This is good for you as a trader, because you'd like to be a part of the ride, regardless of what happens.

I encourage everyone to look at my previous charts related to BCH where I've constantly pointed out (and accurately) what to look for to catch the momentum break and when to get in.

As it stands right now, I'm buying in the red zone (tentatively, barring any dramatic changes in patterns. Anything can change at any moment) and looking for a nice place to profit in the swing zone.

Swing zone = buy/sell opportunity exists equally for short term trades.

Keep watching for declining volume and declining CCI while maintaining consolidation ranges. When all of these things happen together, we can freely follow the volume rip without fear into profit.

There's still a LOT of money to be made in BCH if you're trading the right way, using the proper analysis.

Comments

Very nice.
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Xatos fernx
@fernx, Thanks buddy
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Great post !
I will buy at 950-1k
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$1230 its the 4th elliot wave?
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Nice. Clear strategy and clean graph.
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