●● Preferred count
● Bitcoin Cash / U.S. Dollar (Coinbase) ,🕐TF: 1D
The assumption that the primary wave ④ could take the form of a large triangle was put forward as early as May 2021 . Subwaves (A) , (B) and (C) have been completed within the triangle, an ascending zigzag is expected within wave (D) .
At the end of the triangle ④...
An opportunity showing BCH with comparable double bottom points in extreme bear points
The first double bottom leading to an up move was preceded by a gap, this may have some influence on the move.
Regardless at this level BCH is undervalued and a good to hodl asset heading into the digital future
In my opinion it's as low as it goes, everything has bottomed out, and the oscillators are extremely oversold.
it's an amazing opportunity to get in BCH at the very bottom and the R&R ratio is perfect with huge profit potential.
The price is at the lower border of the falling channel, the important fibo level of 78.6% has been broken. The specified trend line serves as support. The price may bounce up to the upper border of the channel or even to the POC level. Bearish scenario to lower the price to the 100% Fibo level
BCH Fractal shows bear market in the near future but also shows a tight triangle.
Will there be a potential retest to $70.00 (22,000% Gain)?
Or will BCH launch out of the Triangle from $168.00 (9700% GAIN).
Or will 2023 look more likely?
The ALTCOINS were missed, and there are 2 narratives to be played out.
Will ALTCOINS launch and decouple from BTC?
Welcome. Bch was forgotten in this boom. After the breakout to $ 1,600, $ 380 was low. then it hit $ 800 and is now low again. There is no reaction. Going back to 0.618 fibo feels natural. He is pumping a lot of coins, waiting, but I believe it will start. Target around 1150 looks nice, I personally hope to go higher. These are my thoughts. Good luck
From Apes to Gorrilas, to NFTards, the 2022 is an exciting year, and it is not even over, we are just getting started.
OH and an honorable mention to all the Metaverse addicts.
__Quick Update __
I have been extensively busy with @VIE_Verse and @NexusWars_, you find them on twitter. So i don;t update TA as often as i would like.
Ha, you thought, i was gone and forgotten. Hell no. We just getting started :)
So here we go, another report since JULY lol, damn guys, i have enter the blackhole of blockchain game development and metaverses.
You can learn more on twitter at: twitter.com
So yeah, if anyone still even remember me, i am one man army lol having fun and getting by with the code...
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, that I am not responsible for your investment decision.
As the bear market continues , the price can't break the resistance and it remains in the downtrend.
We expect 30 % dump before any significant bounce. If it happens BCH would drop to 75 $ which are lows from December 2018.
It also likely that we will see price lower than 75 $ in this bear market.
Any bounce probably will be a short lifted and the price...