It went a bit lower than 675 . What happens now ? Is it going to go up from here ? When would be the best time to buy or what price should be confirmation of uptrend ? Thanks for the analysis :D
digital_gold_rush
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@MarRob,What happened is that support becomes resistance.
I think the weekly target is good as it's simple ABCD theory, that (A) point at $453 is still active but also importantly that big engulfing bullish candle did not light up at $675 and that for me is the key that the price is trending on the up.
Bitcoin cash has been really interesting to watch and practice theory on as it's just a few weeks since it's starting trading but still the ABCD moves although not forming perfect Zig Zag lightning bolts still hit the (D) target prices.
Lastly this is just my open opinion and do not recommend any finical advise.