Short

BCH!!! First we must land, before another take off!!!

Updated

update later

Note

So here is my update about BCH, better late than never!

This morning i was looking at BCH and there were a few things that caught my attention.
The last couple of weeks, i noticed there was a drop or big drop after the weekend (the green rectangles), when i zoomed out i saw that at the beginning of the year the same pattern occured, but then every month! So it all depends on what bitcoin is going to do the next days and weeks, but if bitcoin still drops after the weekend, than i think BCH will follow and will drop the next few weeks to 5xx..

So what are your thoughts about this idea, if you agree please give like or leave a comment!

Thanks and greetings

Note

And again after the weekend we saw a drop of almost 150 points! Let's see what happens the next few days.

Note

Note

For now 850 is a important support, if it's breaks we could see a new test of 800.
Bch is building a bullflag so if the bulls are strong enough we might see a small breakout...but 880 is the first resistance.

Note

I am not convinced that we will see a breakout, in the lower time frame we can see some mixed signals, maybe we could see some sideway action now!

Note

So first it fell out of the bearflag, then broke the supportline (850), now the bulls need to quickly push it back above 850 or we will see another test of 800....

Note

It looks like bch is forming a H&S, if it confirms we might see a drop below 800/775

Note

DEC-APR

Today

Note

Maybe it is too soon to say that we will go up, but it is possible if we are looking to the picture above!

Note

I think 740 is a good support for now, but if BCH falls below 720, than we could see another drop below 700........

Note

I think we have landed, refueled and ready for a take off! 4th of july could be a perfect day for a take off!!!

stefan010

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.