Bitcoin Cash (BCH) Update: I see a FRACTAL!
I can't help but see the simlarities between the two symmetrical triangle fractals. The blue one and the white one. Given my prior post about the descending right triangle and $380 target, the uncanny fractals are hard to ignore. Also, the prices moved back in between the white trend lines. Sorry for the wishy washy nature on BCH but wanted to share my current thoughts. The key question is will the white triangle bust out like it did for the blue one? I've taken a small position to bet on this with a bit loser stops. Let's see what happens.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
I agree with your analysis. I like it a lot and considering putting shifting some of my altcoins into Bitcoin cash.
Technically it works well with my macro economic analysis - that is my background, I was a strategist at JP Morgan in FX and macro economics.
I think the inverse correlation with BTC makes sense to the model as well?
What stop loss have you put in?
Whats your analysis for RLC is it changed?
Looks like the start of a another five wave cycle? Works perfect with the inverse correlation with BTC and the predicted downturn.
Would you advise shifting alt coins into BCH?
Could get to $1500 i guess if BTC goes to $2000?
upvoted
are you still feeling bullish here?
yes, no change