Updated
BCH/USD current view
Hi folks,
My current view on bch is as follow
Im expecting a further retracement to at least 1460$ its possible to retrace even deeper to 1330$ i personally would like to see 1330$ over 1460 because the target would be higher
We probably will see a consolidation for at least 1 week before starting anotter wave if you look on the chart you will see everywhere zones where we consolidated before going up.
I will keep this idea updated
- rakim
My current view on bch is as follow
Im expecting a further retracement to at least 1460$ its possible to retrace even deeper to 1330$ i personally would like to see 1330$ over 1460 because the target would be higher
We probably will see a consolidation for at least 1 week before starting anotter wave if you look on the chart you will see everywhere zones where we consolidated before going up.
I will keep this idea updated
- rakim
Note
New target 2.2k incase we already bottomed it dont seem to dip below the 0.38 retracement0.38 is a very common ratio for the 4th wave
Note
Pay attention before others do we never consolidate without a reason this will go up 100% btfd
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correction ended 5th wave starting now my minimum target on this is 2k now could even be a extended 5th wave who knows If my wave count is right we might see a 50% corrrection after this to 1150$ first a small abc on the subwave a typcial bounce. After that we may enter a little bear market to complete the abc on the bigger wave
My plan is as follow i will sell at 2000 and keep 100% of the profits in bch i believe in bch and im pretty sure it has a very bright future
Note
didnt went as planned what evernew target 3000-3300 $ i will update this later and post a chart
Note
totally forgott to update :Note
Target still remain 3k +
Btc is also almost done it may drag bch down this would be our E then
Note
It's not an ascending triangle but a symmetrical with a big pole if btc keeps droping with bch too its probably just a big bulltrap this is a massive massive penant
Note
im starting to like this penant more and more, i also wanted you guys to know that in 2 ~ days the difficulty on the btc network is going to adjust you can monitor it here: bitcoinwisdom.com/bitcoin/difficultyIm expecting some manipulation again btc down : bch up like last time
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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.