$BCH in a bullish pennant ? /!\ $BCHBTC /!\
Updated
In my view, the smaller orange triangle I drew will resolve (up or down) we should have much more clarity on where this is heading.
Bear scenario: we break the orange triangle down and go back to 0.12 in the next 2 weeks.
Bull scenario: we break the orange triangle by the top, we see a correction when we hit the top of the green pennant, and we break up again direction 0.18.
Blockchain_rekt scenario: BCH will go up, I am bullish on BCH for 2018, long term, I still see BTC being the safest option.
- I like the bollinger bands being tighther and tigher. I think the bull run is not over.
- RSI trend is lovely
- Volume is cooling down, wait for the bursts.
Let's see. Please follow me on twitter: twitter.com/Blockchain_rekt
DISCLAIMER: this is not financial advice, be careful, trade at your own risk, be prepared to lose it all.
Bear scenario: we break the orange triangle down and go back to 0.12 in the next 2 weeks.
Bull scenario: we break the orange triangle by the top, we see a correction when we hit the top of the green pennant, and we break up again direction 0.18.
Blockchain_rekt scenario: BCH will go up, I am bullish on BCH for 2018, long term, I still see BTC being the safest option.
- I like the bollinger bands being tighther and tigher. I think the bull run is not over.
- RSI trend is lovely
- Volume is cooling down, wait for the bursts.
Let's see. Please follow me on twitter: twitter.com/Blockchain_rekt
DISCLAIMER: this is not financial advice, be careful, trade at your own risk, be prepared to lose it all.
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Broke the green triangle... Hit the green triangle resistance, let's see what comes next, still two options.Bulls will valide my scenario above.
Bears will say that we will go get the bottom support of the green pennant.
Let's wait.
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Yeah! Enjoy the ride, as planned!Note
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