BCH/BTC looks like it has great potential to pump up to the target.
I didn't like where the top of the fib channel was originally set, this makes much more sense to me.
Bitmex Target: 0.0550
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
Well, I might have been wrong after all. But then again I was always stating that there is a 20% chance that BTC surprises us, and does something crazy, like this pump here.
Now, what to make of the pump?
It entirely depends where the daily will close today. If above MA200/log resistance, at around 4600, then the chances are really good that we start the next...
It is important to understand the following. BTC hates you. Yes, it hates you, every single one of you. And it tries to destroy you, wherever it can. When you're long, it dumps. When you're short, it pumps.
Why does it do this? Because whales play us. They can play this low volume market easily, and play the market contrary to what the mass of people do.
Price Can Go Up Cross The Gap
We Have Hidden Bullish Divergence On CCi And Stoch Bullish CRoss
If BTC Dosent Pump ( Dump has No Effect) Targets Can Be Reached Easly
And At last We got SOme Fresh Funda About This Shitcoin , Main net Launch ,New Exchange listing , Token Swap and SOme shits Like These
Play safe And remeber Stoploss Under The Shadow, About 5% risk...
Overbought is well known by traders.
But, what on earth is "Crazy Bought"?
Before, it is hard to explain and let people understand "Crazy Bought".
After two days' pump and dump, it should be easier now.
Crazy Bought is a new term defined in "9 Seasons Rainbow Multiple Time Frames Pattern" Indicator, which is one of the 9 Seasons: Bull (Green), Bull Pullback...
After the big pump Bitcoin need to cool off first. By the way, check this chart too.
I expect a deep and nice retracement after this kind of sharp moves. It's a good opportunity for a nice short position with a very very good RRR.
Open a short position now and consider 2...
I want to check some possible scenarios.
If BTC find support on the current area (3650 Zone) then it can achieve
But IF 3650 support break, we will see BTC at
and as I told you before, IF 4100 resistance in weekly chart didn't break we will see $1900 Bitcoin :)