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BCHUSD Longs are at record ATH and growing, but why?Today I noticed the spike in BCHUSD longs that has been maintained at a record ATH for weeks and growing. So I checked their website, their telegram, their twitter, and CMCal but there were absolutely no information whatsoever about any announcement or something being cooked... till a friend of mine, provided me with the link: smartbch.org And to my surprise, a smart chain is being developed for BCH and the test net is live since April 30th. If you are Bitcoin Cash fan, you'd say I was living under the rock for now knowing about this. And you're right, I am not a BCH fan. But this fundamental news about BCH smart chain got my attention. Is it time to jump onboard? Well, I will keep an eye on it... but not sure when the time is right to jump onboard in this blooded market unless a breakthrough announcement is made or BTC shows some strength. If you have any fundamental info about BCH or SmartBCH, kindly share it below. Thank you in advance.
BITFINEX:BCHNUSDLONGS
by eBlockChain
๐Ÿš€โ‚ฟ๐™ž๐™ฉ๐™˜๐™ค๐™ž๐™ฃ ๐˜พ๐™–๐™จ๐™ at a crossroads ... ๐Ÿคทโ€โ™‚๏ธโ—โ— Mine scenario โ— BCHUSD (COINBASE):๐Ÿ•1D "Fig.1" The rise from the orthodox bottom of the triangle โ‘ฃ formed a five-wave structure in the form of a diagonal, at least this variant of count can be applied to this structure in the context of the highest degree. The subsequent three-wave advance, which is labeled (2) , supports this idea. Cancellation of the scenario and, as a consequence, activation of the alternative wave count, - upon the breakout of the orthodox bottom โ‘ฃ , the level "invalid" .. โ— BCHUSD (COINBASE):๐Ÿ•4h "Fig.2" "Fig.3" Agree, the wave structure is extremely complex and its interpretation is ambiguous. Figures 2 and 3 show you two options for count, both of which are conducive to continued growth, the only question is: is the correction (2) formed or we are expecting a deeper rollback within the "black" count? From the level of $ 600 there was a recommendation for a long-position. Upon reaching the levels of $ 880-1020 , we may partially reduce the volume of the long-position and prepare for a price decrease within the framework of an alternative count. โ—โ— Alternative scenario โ— BCHUSD (COINBASE):๐Ÿ•1D "Fig.4" The global alternative wave-count suggests a large triangle in the primary wave โ‘ฃ , within which a three-wave advance of the sub-wave (C) is expected. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
COINBASE:BCHUSD
by TradeWaves-EWA