BCH - Long term resistance line - Update

in #bitcoin7 years ago (edited)

Hello all,

I hope you followed my advises and you waited that we break the resistance line before buying BCH :

BCH.jpg

BCH2.jpg

Look why I asked you in my previous publication to wait to see if we will be able to break it:
==> WE FAILED <==

I read many traders saying, look this big break out... mhhhhh yeah we had a movement but it is not yet the time to invest in BCH.

  • Is it possible that we have a new UP which will break that resistance line? Yes
  • Is it possible that we start again to drop now to make new lows? Yes

Follow my cautionary advises, I'm an experienced trader and when you lost money, it is painful for me as well. So I'm giving you advises that I follow myself with my own money. Are my entry points always the best ? No, but at least I try to reduce the risk as much as I can.

So to finish my analysis about BCH : Don't buy BCH before we have broken with big volume the resistance line in red.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. 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.

Version française ici : [FR] BCH - Ligne de résistance long terme - Mise à jour

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Just another bi-monthly fake breakout then.
This is definitely one of the most riskiest investment in the top 10 right now.
It'll be back below $320 before the end of the week at this rate.

If we cannot break that resistance line, for sure we will drop again

Hey crypto passion.

I was just cruising through the #trading tag and you're all over it. I've given you a follow and added you to my Steemvoter. Have to support the passionate traders on Steemit! :)

Anyway, onto Bitcoin Cash. That resistance level you've got looks very strong to me:

Even with all this supposed Korean volume pumping the price, it could only send it straight up into resistance and no further:

I'm not too excited about BCH myself, but if it gets through this level and then reactivates that confluence of resistance as support, then things could get interesting again.

See you around! :)

I have exactly the same opinion than you hehe.
I don't like BCH as crypto neither, I just look at it as a possible opportunity for trading.
Thank you very much for the follow.
Take care.

hello @cryptopassion

oooh and i thought it will actually pass the line, sad but we still have hope it will rise again, there is not need in relenting on it.

please is there other crypto someone can engage it

@valchiz

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