Long
BCH/USD Wyckoff schematic dont get shaked out!
hello folks ,
Bch is in a big accumulation phase we will see within the next 2 weeks some up & downs before bch will take off so it may dip again a bit this is a buying opportunity i as example am holding rightnow 1000 bch + im not going to panic sell why should i ? im expecting 4x gains here the minimum target is 1400$ its even possible to go higher to 1700$ this is the mother of all bear traps i have ever seen.
The chart perfectly follows wyckoff market cycle if this accumulation is done sky is the limit. While others are panic selling the whales are stacking more and more BCH look how many new 2017 addresses have 5 digits of bch this is crazy we will witness the flippening bch is here to stay !
bitinfocharts.com/de/top-100-richest-bitcoin cash-addresses.html
Do me a favour and DO NOT PANIC SELL if you do you will regret it with a high degree.
Expect the unexpected
Bch is in a big accumulation phase we will see within the next 2 weeks some up & downs before bch will take off so it may dip again a bit this is a buying opportunity i as example am holding rightnow 1000 bch + im not going to panic sell why should i ? im expecting 4x gains here the minimum target is 1400$ its even possible to go higher to 1700$ this is the mother of all bear traps i have ever seen.
The chart perfectly follows wyckoff market cycle if this accumulation is done sky is the limit. While others are panic selling the whales are stacking more and more BCH look how many new 2017 addresses have 5 digits of bch this is crazy we will witness the flippening bch is here to stay !
bitinfocharts.com/de/top-100-richest-bitcoin cash-addresses.html
Do me a favour and DO NOT PANIC SELL if you do you will regret it with a high degree.
Expect the unexpected
Note
prepare for ST (secondary test) This is a buying opportunity
Note
The longs are also outweighing the short positions if they really wanted to stopp out people they already would have done it These longs are from big boys with deep pockets
expect the unexpected to happen
Note
297 could have been ST very interesting to watchNote
we need to breach 345-350 to go higher -> 390-415 so keep an eye on it
Note
bearish cypher at 345 Note
ST is not out of the woods be careful guys if you can not afford 2-3 week weeks +-0 accumulation phase this isnt for youNote
If this wasnt ST we will retest at least the low or make even a lower low 275-285$Note
looks like a rising wedge to me now fits with the bearish cypher im expecting a full retrace + even a lower low to 275-285$ as STNote
This is also a possible scenario the daily as example looks much different than the 4hour chart so the last pump could have been AR so a revisit to 400-430 area isnt that unlikely Note
to go to 400-415 bch need to breach 340-345 $ aand go beyond 350+ i see there alot of resistanceNote
we got a shark increase on the short positions on bch these may are from some richguy so price could fall easily sub 300 again as ST as i illustrated it never went there Note
Remeber this chart guys? Expecting a full retrace on the whole move as it seems this one is the right Trade closed: target reached
my mind is blown i cant believe it
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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.