BTC made a nice rally after being sold heavily down to 3100 levels. Once the uptrend was confirmed traders bought BTC en masse and quite a few short positions closed up on Bitfinex.
Now everybody is asking: is this the end of this short-term uptrend or does BTC have some more gas in the tank? After consolidating a few days
above the 0.5 fib retracement level the...
BCH has completed 3 impulsive waves up and is now on it's 4th wave forming an ABC correction. The $510-520 range will provide excellent support to start the final 5th wave up for the following reasons:
1)$500 is 0.5 fibonacci retracement level from wave 3
2)wave C has gone past 1:1 fib extension of wave A meaning it will likely hit 1.618 extension at ~$517