This is just a great example of a flag pattern on the 15 minute chart. If you're day trading, then these patterns are essential to making gains.
We had a breakout in BCH Bitcoin Cash and then it pauses to take a breath and consolidate in a pattern that we call a flag or penant pattern.
We can expect a breakout in the direction of the trend, in this case up, and...
Bitcoin Cash seems more and more ready to breakout to the upside, and as I have been pounding the table for the last few days, it's going to be a big one.
This consolidation range has been going on for almost two weeks, a massive descending triangle wedge pattern. We've tried to breakout several times, but each breakout was met with downward resistance (red...
I've called BCHUSD at bottom three times now and have been wrong all three. Lets see if this is the bottom... If it bounces off top of down trend channel, I expect more drop. If it breaks through, I see a possible lifetime cycle wave 3 impulse starting. I have buy stop set at 620 for breakout up just in case.
I'm not holding my breath on this coin, its been weak...
The correction phase is over. It is confirmed by %R, reaching the bottom of the price range and converging support/resistance lines. It might be flat for a while, but the growth to the level of $800 or higher is almost certain. Not setting any targets, for the asset is quite promising and it implies going long.
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two large pool started today mine BCH, it follows that now they will transfer funds from BTC to BCH drive the price up and make a monopoly on the coin, BCH mine harder three times than BTC it eliminates the possibility of mining small miners... ie to own the coin will narrow the circle of people and in their interest to make it expensive......
Once BCH is consolidated we may see a retest of the previous high. If this breaks then we could reach new highs of $1400. If the price fails to break resistance we'll see a retrace to $600.
Hello guys,
If you missed the initial hype you have a opportunity to go LONG on BCC.
-As you can see, the price has break the up- trending line. Now we can expect a correction to the purple rectangles. (.50 and .61 Fibonacci). After this we can expect the price to go up to taste the "all time highs" again.
SO, looking at the chart. I will entry half of my...
