BCH - Pattern very similar to BTC - Correction imminent

in #trading4 years ago (edited)

Hello,

Here is an update for the BCH because, I think that like the BTC, a correction is imminent :

BCHUSD.jpg

We are in a very similar pattern to the BTC :

  • The volume is decreasing
  • We are not able anymore to go outside of the Bollinger
  • We didn't touch the MMA13 since several days now
  • We have a nice support line as target

I would suggest to all the traders to start to take some of their profits from the BCH. As always, we can perhaps do a short term higher top but I think an important correction is now imminent.

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 - Graphique très similaire au BTC - Correction imminente

BARRE STEEMIT.jpg

CryptoPassion-Bannière.jpg

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A friend of mine showed me the same thing early this morning! Nice analysis.

Well this will be damn good

Have to agree great post. Thank you

We will see a correction soon, just wait for the hard fork :)

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Don't think we'll be seeing a major correction until after the hardfork. My prediction is that we'll be hitting 100k satoshis before a correction.

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Great chart analysis you provide on a regular basis.
I believe you should take a closer look at at Bitcore. It could be the new Litecoin. they are better than any of the recent forks imho:

Also, just today they broke a new blockchain record!