Updated
Fuzzy
BCH is looking to decide soon major movements. So far it has accumulated/consolidated for two months but there is missing pieces on this puzzle so far: it is missing E from the most probable ABCDE consolidation. There is a very inner ABCDE correction looking complete hinting for a spike or rocket run but a rocket without a proper E could mean just ABC correction. So there is a lot of possibilities but this logical quest could be solved if it produce a minor spike after the inner ABCDE correction an form a new major D point where it lies the yellow B and revert everything for the major E. So let's monitor how it breaks the circle triangle and use risk management to put things into our favor. If it goes the yellow path I think the final correction to E will be a lot wider them currently on chart !
So far no trade here just a setup with some perspective on what could happen. Soon there is something happening I will update the idea.
So far no trade here just a setup with some perspective on what could happen. Soon there is something happening I will update the idea.
Note
So far nothing new, just in the middle of the triangle:Note
For scalpers, there is a good chance of a movement upward here:Note
BCH broke down the support and is heading to our point ENote
BCH could enter in water fall mode, well it is already like a waterfall :)But it can get worse and I think I lost the original setup and made a new one:
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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.