Bitcoin Cash Price Action Soon
Updated
Bitcoin Cash is setting up it's micro retract beautifully.
If this coin triple bottoms at $90, I would be inclined to pay attention. BCH is volatile and loves volatility funnels, it always follow fib retracements.
If BCH closes at $90 within the next few months (this month?), the micro retrace to the upside is almost identical to BCH's macro target at .50 fib retracement;
that target zone is $883
$1068 is the .61 target.
This macro/micro target is based on Binance's chart history on Tradingview.
The true macro target is much larger based on other exchanges true BCH history - a different chart.
If this coin triple bottoms at $90, I would be inclined to pay attention. BCH is volatile and loves volatility funnels, it always follow fib retracements.
If BCH closes at $90 within the next few months (this month?), the micro retrace to the upside is almost identical to BCH's macro target at .50 fib retracement;
that target zone is $883
$1068 is the .61 target.
This macro/micro target is based on Binance's chart history on Tradingview.
The true macro target is much larger based on other exchanges true BCH history - a different chart.
Note
Would be great for BCH to close out on an awful candle.Week 2 and 3 back have that false breakout appearance.
If we close on weakness the targets are 270 and below, hinging on Mt Gox and toilet paper hands, spots wanting more bch, etc.
Lets see if we can finish this micro funnel.
Note
Will probably see more action on Saturday during Trumps speech. o.oNote
Let's see if 8/3/2024 starts everything offNote
Hello.Note
Going all to plan.
Mid 200's will provide the close out on the micro levels for the macro chart.
Still would like below 100 to make an even larger upside target but, with fed rates and the election it may just finish a little higher.
Anyone who shorted from the last fib retrace and still has their position open should be really happy.
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