Based on the levels of support i'm seeing here and the short term channel, I see a strong case for 7820 in the next few hours (say 11 PM EST). After that, I'd say it's hard to know if this is a longer-term buying opportunity or if we will keep breaking support walls down to a retrace to 6600 or perhaps even 6000. In any event, I wouldn't be long for the next few...
Combining observed resistance points with an elliot wave ABC rebound pattern, I can see the potential for significant profit opportunity if BCHUSD dips to ~ 1050 and then back to 1450 for a massive gain. Do you guys agree, or is this crazy talk /?
If we have hit bottom, I would expect that a BCHUSD -6.91% breakout would be confirmed if we
Manage to break out of the downward channel through the psychological $1000 level (perhaps upto 1050).
Do you agree?