BCHBTC could be setting up for a viable long opportunity right now with a possible continuation of the uptrend setting up.
Ideally a trader would be looking for a pullback here to the golden pocket which clusters up nicely with the 0.5 line of the previous move.
However to some, there is already enough reason to enter, with the break of the previous candle which...
We've been grinding away at that overhead supply for awhile and have been trading in a nice consolidation pattern at the same time. If this inverted head and shoulders pattern plays out I'll be looking at $350 as the target.
Bitcoin has been correcting in an ABC pattern since December last year. Five waves of the A wave were completed at around 6400. The B wave started at this level.
The B wave itself is made up of smaller a, b and c waves. I correctly predicted the start and the target of the latest correction wave (see some charts copied below). Now, I think that there are two...
BCH is heading up to test the channel resistance
It already bounced off the channel floor and I am just hoping that it will come back to retest 1050 area again so I can buy some more
It might not come back at all but there is nothing to lose if it doesn't
Note to self: Don't chase the bus once it has left the station