Descending continuation expected. The ~$610 area will be a good entry point. Price expected double around the time of thanksgiving.
Bullish reverse head and shoulders forming. Watch the neckline closely.
Maybe one last bounce off the lower support, then blast-off. I wouldn't try to catch the bottom though, too much upside potential on this one.
BCH followed my command, exactly as expected (See chart below)! We got a strong and decisive move back to the top of the channel, with huge trading volume. Where will it go next?
I would normally avoid trying to catch a falling knife, but it looks like we caught fairly strong support at exactly the level needed to form a descending channel, which, if it holds, means its up from here. Lets see!
A fifth impulse wave could bring us back to $612. I expect this ascending channel to ultimately break to the downside. Not trading advice.
Similar setup to what we saw in April, but on a much larger scale. After a couple weeks of being neutral, I'm going to go ahead and call the bottom. Going long for the month of June! Will reassess at $1200. See y'all there ;)
All I can say is THANK YOU to the coretards who have relentlessly spread misinformation about BCH. You allowed me to slowly fill my bags at dirt cheap prices. Now I'm expecting one last retest of the mid $600s before the big blast off. We might visit the high 800's/low 900's, but if you look at my last prediction, I'm sitting on a fat one, and this is good enough...
As predicted in my April 5 post, the price of BCH retraced and found support at previous resistance. The waters might be choppy in the short term, but the trend is expected to continue to new mid-term highs.
I could wait for a possible pullback and retest of the previous resistance, at ~$590. But given the current upside potential, I'm not taking any chances of missing the boat. I'm long. Are you?
The way I see it going.. Not trading or investment advice.
If we manage to break out of this wedge, it should be a quick ride to $530. Otherwise we'll be seeing $440 very quickly. What do you think?
We were all watching with great anticipation to see which direction BCH would break out, as the signals were mixed. Though it appeared to break to the downside, the price quickly rebounded and now appears to have found support within the original formation. This false break to the downside sets things up for another attempt at breaking to the upside. What do you think?
Both a head and shoulder formation (bearish) and the 5th impulse wave (bullish) are converging on the apex of a pennant. This thing is about to explode... But in which direction?