BCH / Dollar

Correction completed as expected. Bottom was a little higher ($670). Now next wave in action

Three drives up, two drive down to .62Ret

Sort of looks obvious, so will have to see whether or not it plays out? Target : $994 Target 2 : $1078 http://thepatternsite.com/flags.html

We should really keep an eye on BCH. Volume is very low and the price range is as tight as it was before the last pump happened. Huge move is coming! And I would say i have a pretty bearish feeling about it.

If that DMI green rips up its on.... time to pay attention

BCH will rise because BTC have fork risk and miner gain much more profit.

O BCH esta na última onda corretiva de Eliot e pode iniciar a continuação da tendência no rompimento desta figura. Caso o rompimento seja para baixo a correção pode ir até os 50% ou 61% de Fibo. Zonas passíveis de compra no gráfico.

correction

I think BCH is still bullish and currently in the consolidation/retracement phase. I have listed some possible scenarios in the chart Lets see how it will unfold. I will open position once it will bounce strongly from any of these levels. The analysis will be nullified if the channel is broken Best of luck,

More commonly known as a Bullish Pennant where the market is coming from a lower price and has a wave-y downward movement with subsequent lower hight and higher lows converging to a change point back to bullish movement. That is the hypothesis, if it will do it or not, we will see.

Pretty easy to see. Put your chips on the table if you'd like to play. Deep complex issues about profitability for miners are shifting Hashpower from BTC to BCH, BCH is more profitable than BTC currently. http://ztnark.com/bitcoin-fork This is supportive of the price move. BTC has a rival: BCH.

Volume is dropping off, and we have formed a lower high after setting the higher low that was anticipated in the video TheChartGuys posted this morning. The break of this current depicted range will indicate short term momentum into the afternoon. Very extended to the upside after a 200% move so bulls need to protect profits.

In addition to the ascending channel for BCH, seems its stuck in the fibonacci resistance. Lets see how this resistance will hold.

Expecting one more pump with difficulty adjustment coming up for miners. Afterwards dump with consolidation at $600.

We will find out soon if this breaks for a correction, or continues the trend higher - through the $1,000 psych level aligning with the 1.272% fib extension (previous high)

Bulls are a bit tired :) Need to retrace down, may be to 740...720 area. New targets, likely, are 1000+

We are in the third triangle, so down to 790-800 and up to 1K

Free money Enter at 730-740 sell at 800-880 or higher quick 10-20%, stops at 700 very little risk