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Bollinger bands have been very narrow for a week on the daily chart. All, very bullish signs for this pair.
Taking the height of the triangle we can extrapolate a target of 0.13 upon an upside breakout.
Watching this elliot count to try to break out of this wedge for real. Super high probability gains once it retraces and then breaks above $1012.
Looks like we're outta this wedge/divergence and above the resistance now. Below $980 would confirm a bull trap so put your stop there. Next resistance looks like approximately $1125-1158. A good clean breakout above that will take us all the way to $1270. Above $1300 and it should be smooth sailing up to $1600.
Seeing a nice divergence on the MACD and RSI. Could be enough power to get us out of the falling wedge and into a medium term uptrend. (resistance $980-$1000)
This big wedge is trying to break up. Above .125 resistance could see an up trend to .2 or possibly much higher. Recent BCH adoption news: www.yours.org www.allaboutlifehacks.com dailyhodl.com lovebitcoin.cash news.bitcoin.com
MACD flipped to bull. PSAR popped up. Good bounce off of long term lower trend line. New merchant adoption announced on a daily basis. This thing is going up people. Long term sea change on this chart. Once this thing breaks out it's going to get stupid. Pretty much everyone who was holding Bitcoin before the fork has chosen a side(or resolved to holding both)....
Lot's of interesting signs on BHC/BTC coupled with a steady stream of good news coming out for BCH(Bitpay launch, Gemini announcement etc). Daily PSAR flip will happen around .1135, previous flips after long downtrends like this have popped 100%+ Volume and volatility picking up after the medium-term trendline break confirm that something new is happening....