A bull flag fractal pattern is draw on the chart. We should see a 5 wave impulse, the first wave to test 4k, wave 2 to retrace, wave 3 to attempt again and breach 4k, 4th wave will find 4k as support, and wave 5 could go up to 4500 or beyond (hard to tell where it might end because we are at all-time highs).
Also, just because crypto charts seem to love triangle...
We are talking about plunging capital from one currency to another.
Next time (and now I see it so)
how much btc falls, so much BCH grows. Right?
$ for $, but bch gets pumped while BTC drops and buybacks again.
Does not it sound familiar?
Watch out, when btc was 8,000, bch is 1200 with 3200 bumps
btc was 8000 and bch 3200
it is a ratio of 0.4
Was also 0.5
1/2 BTC...
Looking at the current status of BCH, we are following an upward trend that has been present for almost a month now. This trend is approaching a resistance around the $1715 mark. Within the next week, we will most likely test this resistance again.
Watch for a breakthrough of this $1715 resistance, I suggest taking profits a little before the $2,000 level as we...
Target: $2100
Stop-Loss: $1515
Bullish flag, symmetry with the pervious move up. Also Approaching mid-term trend line where it should bounce if it fails to break out of the flag beforehand. I have given 3 options on how it will play out. Target is correlated with the 1.618% fib level established from the previous all time high. Be careful of a break of this...
Fool Me Twice, Shame on Me
Due to the fact that Bitcoin once again failed to break 8k, there is a solid chance that it will start a retracement.
IF BTC does in fact start this retracement, BCH may have a chance for a solid rebuttal!
Judging by the chart, BCH is attempting to cross the downward trendline that was formed from its previous high of $2800.
My...
Watch for a replay of events.
Looks like highly likely to bounce off fib retracement levels the arrows point to.
Low Risk: High Reward
Set Stop Losses 5-10% under
BTH grew by 50% per week. this is maximum ? I think no.
the ADX oscillator talks about the strength of bulls, candles on the chart also talk about bullish growth, this is also indicated by MACD.
You can buy.
Stop LOS - 515
target is 695
Seildev here
We have a nice pull back for our BCH/Bitcoin on 4 hour chart.
We've had our 3 points of triple bottom 13th,
21st and 24th of October. Then we have seen a impulse leg
to point B and pull back at 61.8% Fib.
With these confirmations, if we can break through 0.09029 again
then we can look for further targets between 0.10588 ~ 0.11356
Plan your...
