BCH/BTC seens to be forming a inverted head n shoulders pattern on 1 day timeframes, but we have to many resistance above in this asset that we prefer to stay out of this asset at the moment, we must wait for better confirmations to make our entries and exites.
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iH&S target 0.047/0.048 - potentially to produce to double top pattern to invite shorts.
Actual target 0.085 minimum.
Everyone with the balls to short this rally must die.
A virus to make everyone scared to talk to each other or touch the same things...
Crypto is about to bubble so absolutely fkn hard.
Enjoy the future that I see. AVOID USD like...
Welcome to the crypto bubble.
Nobody left trading alts vs BTC . Nobody left yelling "alt season".
All important traders are dead.
(No, not you with your 0.1BTC or 1BTC - whatever is left in your stack from this 28 month alt bear market. Take no offense, 99.9999% of traders got rekt from these pump and dumps.)
Alt markets are out of sellers and the algorithms...
Today’s technical analysis will be on BCHBTC, trading very close to its apex with a breakout being imminent.
Points to consider,
- Local Trend bearish
- Price trading near apex
- RSI testing support
- Stochastics projected down
- Volume extremely low
- Local support - .50 Fibonacci
BCHBTC’s local trend has been bearish, consecutive lower...
Good Sunday my dear cryptocurrency trader, here we have for you the Bitcoin Cash (BCHBTC) daily chart.
Today I would like to share with you the bullish targets for Bitcoin Cash, meaning, the levels at which BCHBTC will find resistance on the way up.
On the 12-March BCHBTC had a very strong drop, but the candle that followed on the 13 produced even bigger jump...
The price moves in the Upward Range Channel!
I think it's a good buy opportunity near the bottom border.
Potential profit will be 3 times bigger than the risk.
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Components of the figure "Head and shoulders"
Let's take a look at every component of the figure:
- The descending trend is necessary in front of the figure, because the head and shoulders are a reversal figure.
- the left shoulder marks the maximum of the current upward trend.
- Falling of the price after completes the formation of the first leverage.
Bitcoin cash reached an importante support level which is also coincident with the 0.618 of Fibonacci. This region is the ideal region for a reversion in price if it is going to continue the previous uptrend.
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