Bitcoin Cash (BCH/USD) *Chart Pattern Identified*
Updated
I am bearish and this is why.
**NOTE** Same thing MAY apply to BCH/BTC I probably wont make a post on the BTC pair but check it out. they should look very similar.
BitcoinCash is not the only one. I seen this yesterday before wave 5 was put in.
this looks perfect imo but think we can hit the orange trend lines 1-2 more times.
If we break up thats another story. But for now this is bearish and I see it across the board on a 4 hour chart.
Follow for more charts, give this post a upvote/like and comment if you have any questions.
Thanks!
- Fractal found from last Ascending Triangle.
- Rounded bottom looks like Cup and Handle could form from here.
- Red dotted line looks like resistance.
- Yellow 1-5 Impulse looks complete.
- wave A or 1 looks to be complete.
- Inverted Head & Shoulders Target Complete! (green line)
**NOTE** Same thing MAY apply to BCH/BTC I probably wont make a post on the BTC pair but check it out. they should look very similar.
BitcoinCash is not the only one. I seen this yesterday before wave 5 was put in.
this looks perfect imo but think we can hit the orange trend lines 1-2 more times.
If we break up thats another story. But for now this is bearish and I see it across the board on a 4 hour chart.
Follow for more charts, give this post a upvote/like and comment if you have any questions.
Thanks!
Trade active
For anyone who shorted the top when I called it... congrats! if you're not it... wait for the retest. we should be bouncing up soon I think at-least 50% of the drop.
this was not manipulation, not some secret whale group, not an insider job.
it was a rising wedge/ascending triangle/end of a 5th wave.
what ever you want to call it.
It is literally just simple T.A that would've shown. Buy the bottom, long the top, but the bottom, long the top...
Trade closed: target reached
done. looking for a safe spot to long if i can find a good pattern.Trade closed: target reached
didnt long but target reached
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