What a difference a week makes. Within hours of the last comment BCH had fallen away to a low at 1631, 7 points
lower than the perfect entry point at 1638, before ripping 300% higher in 6 days flat. Facebook eat your heart out.
Now it's in the process of making a which will stay good so long as the rising dynamic from the beginning of
the move holds up price on all tests. A break above the upper parallel that's containing this downwave will be worth
following for another retest of the highs...
And on the flip side of this particular coin, if that dynamic from the 'lows' at 1766 gets broken at any point now it will
then fall away further down the same parallel to 2420 where it should bounce once more.Although it looks more likely to
break up rather than down from here, we don't really have to second guess this right now. The chart will tell us and we
Trading view has broken down due to heavy traffic and stooped the up;loading of this chart until now...it's very frustrating because it was spot on FFS.
I HAVE to move now - thisis gfinal straw. Bans for nothing and now a flaky website when under pressure.
BCHUSD Full rinse - ready to go again ahead of weekend
BCH has suffered as Bitcoin has suffered..the break below the
rising dynamic support at 2948 set BCH back into full-on bear
mode and the decline has been hard and fast. Most stale bulls
have been rinsed out in the wash now it's getting ready to
rally ahead of the weekend. Look to buy down to 1764 (with
stops under 1755) and at 1633 of 1755 gives way. Or
alternatively can wait for 1910 to be broken on the upside for
safer long back to the highs.
*Tradingview broke down as this was being uploaded as companion piece to BTG which just managed to escape the site falling over due to heavy traffic.
So whenever something really exciting happens the site collapses. How can anyone deal with this crap?
This call was so perfect that it came right back to 1764 precisely..and rallied....about 15 minutes AFTER this was first sent out to upload.