This is the time when we can looking for some real reversal pattern! Who like to trade on the edge this is the time to do it ! Buy now with small SL at 110 and TP up to the sky!!
Let's looking for some reversal entry point! This is that point! SL at red line ,under the physical 4000 level ,TP up to the sky
BCHABC looks stronger this days and it is possible it will go in higher range soon!
Bitcoin Cash make headache for many of us now slowly but market is more like BCHABC than BCHSV but maybe that game is still not finished! Anyway in short term very possible that BCHABC will hit the Blue area!
If BTC start rise first than correlation can result that ETHBTC pair will have one more push down! Possible it will hit previous low and forming a double bottom, so the green area is for watching now!
We can say also that cycle is complete now and we can make some buys now! Be careful with sizes of positions because always can go deeper and higher and this is only probability that the reversal will happen now!
We can say now Cycle is complete! Sure always can go deeper and higher and impulsive waves can have extensions but this is a perfect entry point!!!
Question is where it will fund a bottom! Area 1,2,3 is for watching now! If wave 2 was side way and if we are in wave 4 cycle than the picture looks ok for now!
Picture was little change in long time waited new entry point.We are looking for 3-3-5 formation also back-test on one of the previous highs before some reversal signs! Previous entry was at 0.00000505 SL at 0.00000250 TP above 0.00001 and more Now the SL stay same but new entry if we want add more fuel to our previous positions or we still not in positions at 0.00000375.
Double bottom is erased but break out from triangle is result usual a last bigger move before trend reversal. Let's see where it will fund a bottom . Looking for the bottom at 120-150 area! We can looking smaller time frame now and watching 5 impulsive wave formation,when the cycle is complete we can guess that is the possible reversal point and make some new long...
If broke this level next short term target level is 4900 area!
We have breakout from Chanel-wedge call it what ever you like and we have a nice back-test on upper trend line,Hard fork is for few hours so let's see some action :-)
Be ready for spike from 12h -3h UTC Set up some nonsense high sell orders maybe you will catch it! If we will have spikes up maybe better go out from BCH before Hard fork!last our you can do it before it will freeze is 3 h PM UTC
Question is It will be maybe double bottom? Or one more bigger push down at 150 USD area?
Hard fork is tomorrow 4h 40 min PM UTC everything can happen now!
Buy level is reached but Binance is under System Upgrade more few hours and about 34% of trading is there so we better wait until system upgrade is done and possible little break out of 61,8 Fibo at 0,000005 physical level . Buy at 0,00000505 :-)
Correlation BCHETH ,BCHUSD and ETHUSD show us that buying from ETH we have already reach our entry target but from USD still not ,we should wait a little more just if we are buyers from usd or usdt!
Upcoming Hard Fork can push price more higher, all "stars" show us buy now. Hard fork is at 15 November 2018!Correction was push price lower and we can buy cheaper BCH before Hard fork . Binance and other exchanges will support it so we should buy and hold BCC on Binance or other exchanges like Poloniex BCH and as result we will get BCHABC and BCHSV Good Luck