Weekly update for Bitcoin Cash (BCH/GBP), price has created and held a new Level of floor Support at: £421. Median will be in the range of £472, it appear BCH has had a wick rejection on the candle exactly at a major resistance level of: "£581". Long term still very bullish, but expect prices to be in consolidation of the range of inbetween: £472 - £581. Any...
Bitcoin Cash will create and hold a new Level of Support at: £421 Resistance is at the wick off £540 roughly, if we close above this on a daily timeframe; price will be heading for my "Target 1" (£581.36) Target 2= £710.08
Current Price= £426.94 Target 1!= £495 Line of Support= £350 Market is heating up ready for the halving, long term bullish. Mid term can see decent gains for day/swing trading. *ALWAYS MANAGE RISK's!!!
Based on previous fractals we could be due a big move up to £880. Potential for a correction first depending on how Bitcoin performs.
BCH/GBP,harmonic bearish crab,type 1 is over,price returns to retest HOP level for type 2 entry
BCH/GBP,harmonic bearish bat,type 1 is over,price returns to hop level for type 2
BCH is in a rising Channel and if you look it has hit the bottom of the channel 3 times. The last is a conformed up. It has also broken above teh red resistance in this chart and currently holding above it. We can see a long Pin bar circled in the chart this tells me we go up from here as well to the target. This is on no way trading advice as I am only new to...
If we do not break the current Level its a 70% drop from current Levels? Wolf