Updated
Bitcoin Cash to $840?
BitcoinCash is currently finishing up its second bullish pennant. The recent trend appears to be a push followed by a 50% retrace, only to push again to the 1.618 fib. If the price continues to follow this trend we could see $840 over the next week or two.
If you find this analysis useful, please consider showing your support by using the referral links below.
If you find this analysis useful, please consider showing your support by using the referral links below.
- P&L Portfolio Monitor and Tax Tracker: cointracking.info?ref=K297597
- Salt Lending: membership.saltlending.com/register?r=VWva4
- BTC: 1Krc9PzwJ9CeTxkXyzPGQkgbdSM8bmg9Ja
Note
The Segwit 2x announcement caused panic selling across most crypto markets. BCH price dropped a considerable amount; but the bleeding candle closed, and the first recovery green opened, at the 50% retrace level. BCH is back at it's pre-panic levels and my original analysis still applies. Trade closed: target reached
Note
This trading idea closed, the target was reached. The trend is still moving up, so my trade is still open.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.