Pretty sharp drop today.
That $515 target is still in play only if MA200 holds...BUT...if it gives, the next really solid support is probably as low as $270
Going down! ah well this chart is inverted, Down is Up, Up is Down, it's the festival, the clown. What outbreak is next up in the world??? 2020 is on FIRE!!!!!!
Previous Analysis:
Previous...
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This Concept is part of my ongoing study of Fibonacci Ratios applied to Assets.
This Chapter is part of an album to collect examples of true "Golden Ratio" growth.
This Chart captures the BCH.usd surge in early 2020 which grew by 1.618x increments.
This type of growth has been called "Exponential" or "Parabolic" by many analysts.
This occurrence is actually NOT...
BCH Resist @ $500, $640, $1300, $1650, $2950, ATH
BitcoinCash has been suppressed underneath a two year descending trendline. A major crash in late 2018 drove BCH to super lows ($74) where it has established a new long term ascending trendline, BCH has been bull for 14 months now. It became even more bullish 7.Jan.2020 when it broke above the two year descending...
It looks like a bullish takeover, but without consolidation, at least there is support and buyers, a good sign for growth to 237.
But if the price finds resistance, it will go to the red lower zone (212-215). If the price fixing over 212 there will be a big increase. There will be large volumes in this zone, since it is a liquid zone
Hello Traders
Today's chart will be an update on BCHUSD!, Potential inverse head and shoulder!
Points to consider
- Potential Inverse head and shoulders
- Volume declining on right shoulder
- Calculated target would be a potential double bottom
- VPVR showing low volume of transactions after support
- EMA’s acting as resistance
- RSI putting in lower highs...
more losses likely short-term
best level to buy and hold
is near 150
strong support
target is 300
up to 100% gain
price contained within
downwards sloping channel
340//390 hard resistances
other crypto ideas by projectsyndicate
btcusd 8hour update by...
Quick update on the 4h chart of Bitcoin Cash, as I stated in my last analysis, BCH would accumulate over the monthly level at $435 before launching off that pad to the $515 sell target.
Now with the rising 200MA this looks easily more possible than ever, if you're holding BCH I congratulate you on your soon to be gains.
This should be an easy 18% gain, and...
if we are in a new trend channel,
we could see 2000 USD.
if it is a wegde, then
breakout up: target 2400 possible
breakout down: target 1100 possible
Let's see what happens. Happy trading. :-)
See also:
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected...
What a month a January was, wohoo! I hope you guys held, and sold at good profits :)
I was surely off on some of the fractals of the January, and the patterns was a lot stronger.
We did hit our expected FIB correction price.
No, so what is up with February: It comes down to if either 3-5 or 1-2 bull rally.
Depending on that we are going to have a few...
Wow We are so early yet ETH has doubled in the month. Don't speak of tezos I got out of it at 1.70$. Anyway I am trading alts to bitcoin etc just catching the gains. Fucking Coinbase just got margin trading a month after the best long position in history has started. This account is going to be about documenting my trades with margin from now on. But there is no...
Quick update looking on the 2h chart of BCH, I signaled this move from the $435 support, just updating it now to let you know this move is going to play out fairly soon.
Just because the moves don't happen right away doesn't mean it's not going to, stay patient it's going to come.
'The stock market is a vehicle for transferring money from the impatient to the...
