The structure of medium-term wave levels on the BCH tells me that the decline from the level of $1,600 is probably over.
On the smaller timeframe some initial momentum was formed in wave 1 or A, and at the moment the price is correcting in the anticipated wave 2 or B.
It is possible that the correction has already ended and the price has already started to form...
I Can see a 138%^ Projected bullish uptrend in the coming months, you will see.
The block size being increased will allow for this to accelerate.
COINBASE:BCHUSD
KRAKEN:BCHUSD
BINANCE:BCHUSD
BITSTAMP:BCHUSD
BINANCEUS:BCHUSD
BITMEX:BCHUSD
FTX:BCHUSD
PHEMEX:BCHUSD
BITTREX:BCHUSD
GEMINI:BCHUSD
TRADESTATION:BCHUSD
CAPITALCOM:BCHUSD
...
H4
On D1, the price fluctuates around the cloud. The triangle model of correction is visually clearly visible.
Conclusion:
Locally, we recommend selling when the RSI reaches an oversold level on the H4 and when the price will reach to the Fibonacci level of 36.8% and 23.6%.
H1
At H4, the cloud is directing upward, indicating an uptrend. At H1, the cloud is...
Formation of harmonic bullish BAT pattern:
The Bitcoin Cash with Bitcoin pair is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone to give chance to earn more gains.
Let’s dig the pattern deeper to see how perfect it has been formed.
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50...
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You can buy BCHUSD from 360-350
Stop-loss at 340
You will find more trading ideas in SAV Finance community.
Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can sell BCHUSD from 380
Stop-loss at 365
You will find more trading ideas in SAV Finance community.
