- If volumes are sufficient and BTC not moon we can see a huge run to 4300$ or 5000$
- If we don't have enough volumes to break the 3000$ resistance, it will continue to consolidate to prepare the next run (see BCH pattern below).
BCH has always the same pattern :
- A huge run
- A huge consolidation phase with a bottom = the top of the previous run
You can BUY at the bottom of the consolidation (between 2500-2700$) and use a stop loss in case of the BTC comes out (near the red support line).
You can place a take profit on the first TARGET at 3000$ or HOLD for the next TARGET at 3700$ and 4300$ that will be reach soon.
This is just an idea, not a trading advice.
BCH : 1NagVyeeqSq3pitd21A1ZBmzaCFgGV14Nn
Thanks for your comments ;)
If you want an explanation of this long take profit please see this idea :