Our last update on this chart was that the price fell back to the support line and we had to watch out for a breach. Fortunately, it acted as a strong support (small green arrow) and the price bounced back and broke out at $1530
Looks like all the charts (including this BCHBTC) are aligned and ready to boost BCH
The below article includes Support and resistance numbers along with channel type chart and widget chart with more details. Do click to read fundamental analysis for free
(more details here) Something important has been bothering me for several days, A question!
A question that I had six weeks ago and is now back again requiring all my energy to answer it correctly. Last time, I answered it half-heartedly (in hindsight). I keep looking for answers from others around me and they are now annoyed. But I will ask it here anyway.
Why are we (and me) not investing more FIAT (money) in Bitcoin Cash?
This is how I try to give a perspective for a buy price of BCH
Initially, we were worried about a few dollars. "can we buy at 410 when price is 416"
Then we worried about 10-20 dollar difference, "can we buy at 600 when price is 630"
Then we worried about 50 dollar difference, "can we buy at 850 or 900"
Then we worried about 100 dollar difference, "can we buy at 1300 or 1400"
Soon we may worry about 500/1000 dollar difference, "can we buy in 2k, 2.5k or 3k"
I will cover all these aspects in a series of articles with TA in each of them. please do check them out.
Future Outlook (Part 1)
Strategy
"Risks"
Utility
Facts
Fundamentals (News)
Charts (Behind Paywall)
Emotion
Komen
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We broke above the channel resistance and are staying above it at $1542. This is a good sign and if this holds we can confirm the next bullish uptrend. Major resistance is at $1700+
BAM! It his the upper resistance at $1700 and corrected but good thing is it stayed above the previous resistance of $1530 which has become support now. If this holds, we may breakout and go beyond $1700+
Komen
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Life is good when your charts are good (fortunately) before a bull run happens. Hope you guys are taking profits
very nice chart man :)) and very true nice keep it up :)))))))
yeshuyesh45
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What is the target of this run ?
imkeshav
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@yeshuyesh45, Need to check, others are going up so much...
AvgJoe2019
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You called it my friend, others talked bad, but you talked about faith amd hope...in the end that is what matters....I skipped over the pump amd dumps sitting on my hands waiting, it paid off and....this is just the start. You are a good man!
imkeshav
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@MarcKevinSwickle, Thank you so much for the comment. I wish you all the best. And I do hope coins which make logical sense & usage actually win over the long term otherwise this is a just a game where all us little players lose. Stick around!
Doc-al-Citadel
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I think u need to diversify bro ;-) People have limited fiat. And a market correction is fairly likely now. To be fair you need to compare and contrast with if, during the same period: people had invested in btc, ltc, ether, iota to name a few. Sure there was a good month or so for bch. I am not sure it will be repeated. If it is I'm pleased for all of you hodlers. You've got more faith than me (in bch) ;-) I don't think it's going anywhere but no way can it rival ethereum longterm. Sure there was a time when I was pretty sure the cashening was in the script. But deciphering the script is not for the fainthearted. Look at today. It flattered to deceive again. There's no volume. I know what you'll say...wait for the Koreans ;-) Anyway down to my last few bch and can't wait to get 'em sold in this rally ;-)
imkeshav
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@qdoc, Diversifying is a good strategy. I plan to do that eventually. But for now, I'm trying to be more patient. I also love the fact that people are using their BCH to read my articles. Making money is great, but having faith is awesome. BCH growing in enormous value just makes logical sense, others don't except if you want to witness Greed. Who knows I may diversify soon ;-) Thanks for the support!
Doc-al-Citadel
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@imkeshav, good luck and God bless ;-) 1 John 2:15