BCH update 28.10.17 - bullish patterns
Some of you might remember my bullish outlook on BCH in my last post. Here is todays update.
More and more bullish patterns are emerging and I hope to find a bullish iSHS pattern soon.
I am glad that I bought more BCH @ 320$
Quoting myself from my comments in the last post:
I bought more @ 320$ and I will be out @ 278$ if it fails. I would give this a chance of 66%. If there is no new low, see it as confirmation of this count...
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If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)
Pinned on my board :-)
In the long term I'm bearish for Bitcoin Cash, because its transaction volume is very slow. See my post about it: https://steemit.com/bitcoin/@sevenseals/why-bitcoin-cash-is-overvalued
This is a factor. But if the price rises significantly, the transaction volume will rise with it.
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