Been Watching BCH.. looks to be a slow mover, but I think it has some fast upside potential as the market determines what its doing. Recall earlier chart it wanted to break out, but BTC entered its downward bear market cycle. I think BCH just trying to make a name for itself while BTC takes a nap. Lets see what happens. I got intermediate target and final target market (grey lines). Intermediate just means expect a pull back and possible rise back up to the target.
Trade active
Got in 5-30-2021 at 641.00Note
BCH showing weak price action- it may possible trace to the bottom of this pattern- not something we like to see, but its not 100% bearish yet either. Anything below 490 would have me changing my tune on BCH. I think we are seeing a sell off before an intermediate rally of some kind.Trade active
APPEARS TO BE A BUSTED TRADE, BUT THE CURRENT PRICE IS STILL OVERING AT THE LOW OF THE PATTERN. STILL HOPE ON THIS ONE. sTILL HOLDING.
Moorsc0de aka Crypt0nomics aka Zaphkiel
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Moorsc0de aka Crypt0nomics aka Zaphkiel
Related publications
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.