Now is a great time to buy... At the bottom of a strong ascending triangle pattern. I expect the dollar to roll over and continue its down trend in the coming days/weeks. Expect $50 silver by this summer. Not trading advice
Looking for a second bounce off the green support to confirm the conclusion of an Elliott correction wave. The next target will be a retest of its previous local high.
It might be a longshot. But if this double bottom manages to break the neckline, it could be a quick ride up!
The market has rejected the bearish scenario, for now. Another test of the indicated support is unlikely in the near term. Expect BCH to continue trending in the channel indicated. With a number of interesting projects coming down the pike (moeing, MVT), there exists a scenario in which BCH could break this channel to the upside, visiting new local highs in the...
Looks like we are completing a cup and handle formation.. Very bullish setup!
People never want to buy an underperforming coin, and then say "I should have bought!" when it's price catches up to it's fundamentals. BCH is the most undervalued coin on coinfairvalue.com, and anyone who doesn't get onboard now will be saying "I should have bought when it was cheap!" in a few months from now!
BCH is currently at the bottom of a cup and handle setup. If you want to take a ride on this rocket ship, now's the time to get on!!
As you can see, my Jan 15 prediction was spot on. Like and comment and I will post an updated prediction. In the meantime, bitcoin cash (BCH) is setting itself up for a massive 2x breakout. In my estimation, BCH/USD and XAG/USD are currently the two most undervalued assets in the entire market. Don't miss out!!! **JUST MY OPINION. NOT TRADING ADVICE.**
Not trading advice
Only one option from here. Up. Not trading advice
As you can see from the chart, BCH recently broke out of a long term formation, with strong upper resistance shown. It is fairly well established that in order to confirm a break out, the previous upper resistance must turn in to a lower support level. We tested that level yesterday, and saw that BCH found strong support. Up from here :) Not trading advice
It's looking like BCH does not want to break this channel, which will bring us back into the $600 territory by Jan 25. Only then can we look for a breakout to new (local) highs. I won't be surprised to see $800 by the end of this month :) Not trading advice.. Just the uninformed opinion of an anonymous amateur.
Looks bullish to me... What am I missing? I'm long :) Not trading advice
I'm leaning toward a breakout to the upside.. We can't trade in this channel forever! But we'll see. Waiting for a confirmation.
$35 silver is on the horizon. With talks of more (and massive) QE coming out of the Biden admin, there's no way the dollar is going up. Which means there's no way silver is going down. We will inevitably break out of this pennant within the coming weeks, and the momentum is in the up direction. Not trading advice!
I don't think so.. We still have long legs. I'll be looking to re-enter around $485!
If you look at my Jan 12 prediction, I called for a cup and handle formation. It happened :)
After a brief breakout to ~$640, BCH retraced to $400 and has resumed trading within an 3 week ascending channel. It appears that the price wants to attempt another upside breakout from this channel. One possible scenario on the short term is shown here. It appears that a "cup" pattern is forming, which is usually followed by a slight pullback, forming a "handle."...