Long
Growth prospects, episode Bitcoin cash
English version of the idea from Phoenix Crypto Fund trader Vinkelman
15 November is very close, and that means you can get a couple of free coins. Even Bitfinex announced that it will bring new free coins. Absolutely everyone loves a freebie. What do you need to get free coins? Buy Bitcoin Cash! Therefore, we are waiting for a good growth of BCH. The first wave has already passed, there has already been a rollback and the price again rushed up. The chart shows that the price was adjusted in the formation of a downward wedge, from which in 99% of cases the price goes up. I used fibonacci analysis, it turned out that the correction almost reached 0.618 of growth. So you can estimate at what levels you can see the price in a couple of days: 885, 1120, 1250 or 1500.
It is difficult to say, because the volatility is now extremely low and the market is half-dead. On the daily chart you can see the "double bottom", which is also a signal to reverse.
Double bottom, as well as a rollback to 0.618 give a very obvious signal to buy.
In addition, after a prolonged fall in the price from the previous peak 1850 in May, the price has not yet adjusted, which means that the target level could be 1300.
Will the price reach this level or not - can't be guaranteed. But you can definitely know that if the price of Bitcoin Cash reaches 1300 or more in the next few days, then bitcoin and other cryptocurrency will have a chance to see another bottom. Because there are no new funds on the market so funds from the bitcoin and altcoins will be used to get a freebie.
Wish everyone good profits, comrades. If you not confident in your trading skills, then you have a chance to entrust the funds to professionals of Phoenix Crypto Fund.
15 November is very close, and that means you can get a couple of free coins. Even Bitfinex announced that it will bring new free coins. Absolutely everyone loves a freebie. What do you need to get free coins? Buy Bitcoin Cash! Therefore, we are waiting for a good growth of BCH. The first wave has already passed, there has already been a rollback and the price again rushed up. The chart shows that the price was adjusted in the formation of a downward wedge, from which in 99% of cases the price goes up. I used fibonacci analysis, it turned out that the correction almost reached 0.618 of growth. So you can estimate at what levels you can see the price in a couple of days: 885, 1120, 1250 or 1500.
It is difficult to say, because the volatility is now extremely low and the market is half-dead. On the daily chart you can see the "double bottom", which is also a signal to reverse.
Double bottom, as well as a rollback to 0.618 give a very obvious signal to buy.
In addition, after a prolonged fall in the price from the previous peak 1850 in May, the price has not yet adjusted, which means that the target level could be 1300.
Will the price reach this level or not - can't be guaranteed. But you can definitely know that if the price of Bitcoin Cash reaches 1300 or more in the next few days, then bitcoin and other cryptocurrency will have a chance to see another bottom. Because there are no new funds on the market so funds from the bitcoin and altcoins will be used to get a freebie.
Wish everyone good profits, comrades. If you not confident in your trading skills, then you have a chance to entrust the funds to professionals of Phoenix Crypto Fund.
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.