BCH has a clear path ahead of ALT-season!
Updated
Hi again!
We have had an interesting couple of months no doubt. BTC is making people guess, so much fear and so much bias.
BCH however is looking ever so bottomed out. Looking back a few months back, we can see that from the bottom of mid Jul 19' we have seen an accumulation phase until Jan this year, followed buy a last bag filling pump to this date. The bottom IS in! We have an overlay fractal taken from Jan-Mar 19' just sized up to fit the chart. There is a remarkable bottom pattern repeating.
RSI - looks bullish but has to close above the RSI wedge to confirm a breakout.
BCHUSD pair has just recently broken out as well:
'
I'll keep this updated as we go. Easy targets are 0.035 to 0.045, pretty likely a mid-term peak at 0.060. Followed buy an accumulation phase before next legs up well above 0.1.
-B
We have had an interesting couple of months no doubt. BTC is making people guess, so much fear and so much bias.
BCH however is looking ever so bottomed out. Looking back a few months back, we can see that from the bottom of mid Jul 19' we have seen an accumulation phase until Jan this year, followed buy a last bag filling pump to this date. The bottom IS in! We have an overlay fractal taken from Jan-Mar 19' just sized up to fit the chart. There is a remarkable bottom pattern repeating.
RSI - looks bullish but has to close above the RSI wedge to confirm a breakout.
BCHUSD pair has just recently broken out as well:
'
I'll keep this updated as we go. Easy targets are 0.035 to 0.045, pretty likely a mid-term peak at 0.060. Followed buy an accumulation phase before next legs up well above 0.1.
-B
Note
BCHUSD update. Note
Breakout confirmed on RSI wedge. This is really bullish!Trade active
BCHUSD, the last drop before liftoff, as anticipated:
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.