Hey nah hey nah, the bulls are back!
Should be close to a bottom for BCHBTC Hopefully it trends up when bitcoin does.
Going to start trading against BTC and then BTC to USD.
Looking for another push up then some consolidation.
Wassa wassa wassup. Hey hey heyyyyyyy!!!!! BITCOINNNNNNETTTTTTTTTT!
Wave structure forming.
We found some temporary support. A good place to bottom, forms a large inverted H&S Pattern over the past several days or weeks, with 5700 being the head. This is the same bottom as the left shoulder. Looks good to me!
Starting to see some bullish signs, need to see it break the .382 to confirm bullish trend.
We're probably going to drop back down past 6500 to 6250, could stop at 6500, but it's having a hard time holding and getting through 12Hour Cloud. We haven't even hit the .382, getting hung up at the .236. We had a nasty rejection on the .618 that sent us to the .705 @5900. Bitcoin has some work to do... be lucky if we at least get a triple bottom at 5900. I...
Can't tell what is going to happen quite yet. Overall I would lean bullish, but 1 more dip to 5900 in a bullish scenario on a longer time frame could still play out.
Not as strong as btc. Hopefully the bulls come back.
Still haven't changed my targets,I'm thinking this is a extended/complicated wave 3/4... wave 5 won't be amazing, but the next wave set could be wave "3" (this being the 1/2) and we may see some excellent gains in the coming months to year end. I'll watch and wait for now.
I haven't posted a BCH chart in a while as BTC leads the market. However I've always seen BCH behaving like a fractal and it's really a question of how big is the next fractal going to be? I like what I see thus far. I still believe in a 2018 bull run for BTC and the crypto market. However maybe it will peak in 19. Don't know, the move up is pretty fast, faster...
Lets see if we hold this price range or sink below 6400.
Looks like 7600 will be the big test to shift downward momentum to have a chance at testing the 9k range. 6900 in the short term.