Zoom out for the bigger picture
Small Inverse H&S, right shoulder forming now, will run up to 14200$ resistance then from Support of 11900$ it will start accumulating some bulls
Another resistance at 17300$, will see a dip to 12500$ again (buy back in)
From there on if no major news hits the market it should slowly go long into 2018, reaching 25000$ in the second...
HEad and shoulders pattern
lots of volume coming in on the BTCBCH pair
Market grew too fast, although it corrected from 17000, it could see more bearish action towards support of 11700$
Ive bought BCH, waiting for it to reach 1800-2000$
Does anyone agree with my trend read or am I catching butterflies with the wine bottle?
Massive profits to be made on altcoins when BTC sees a correction. It has gone up massively and has to see a reversal, right?
I will buy BTC around 7000, depending on the indicators at that time
Do you think it will fall to 5000 or keep bull-dozering thru 10k mark?
Which altcoins would gain the most out of a BTC correction? Looking forward to a dialogue, ...
Do you see the pattern? BTC going long overall but december might see slower gains.
30% pullback might occur.
Or could it just keep going up to 10k by 20th dec?
- follow me for weekly analysis, and thanks for looking!
I believe BCH was on an ascending path last evening when the software upgrade/softfork was planned.
At exactly 19hrs when the block count reached the point of upgrade, due to what i suspect was either a glitch or an exchange drop (assuming), the value of BCH dropped dramatically (see -><- chart)
At that point traders panicked and it reversed the whole dynamic,...