BCH Long for the fork!

Thanks to BCH we have a bull market for the next two weeks. Binance is going to be honoring the Hardfork BCH is having so people are going to buy and hold this to get the free coins. Look on a lower timeframe for entry. Don't short this unless it breaks the trendline, you will get rekt. Buy hold for 2 weeks then try short the top.

Levels of interest

Comment:

Scenario 1: Break up from the level and a bullish bounce on the 50% fib. Break up to the boxed area. Notice that 0.09 area. This is an important level if it breaks look at the daily picture.

Scenario 2: Top for now have being hit and is making an ABC correction. Look at the fib pull back to the 80% area then target would be between -23/-61

Scenario 3: This is the bullish play that goes with 1 just zoomed in. Dont break that previous bottom around 0.083.

I am optimistic, I go with the bullsih side I think.

Comment:

Forgot to mention that the oscillators are not showing any divergence so that is another reason to stay optimistic ie: no divergence means continuation.

Comment:

So here is the correction I think.

This is the futures market on Bitmex. You could pay this with 10x and if it moves from here to just 0.092 you will make 100% gains. If it goes lower than the low close it.

www.bitmex.com/register/FGkrGW

Comment:

Made a bullish pennant and broke up. Pretty nice. around 96-97 would be a good spot to take some profits. Buy back when it tests the break out area. 9 more days for this to fork so should go a nice bit higher.

Comment:

Bearish divergence. No shorting this until the fork is done, it will stop you out.

Trade closed: target reached:

So just waiting to play this again. Looking for this to be sideways up a little but ultimitly fall. I already closed my play at the targets and broke my own rules and tried to short but stopped out. Then yeasterday it done what I thought it would so rather than try short again I will just wait to long.

Targets are the fibs 84 / 81/80 - I think the 84 will hit just have the others incase of a spike. Want to make divergence on the oscillators ie the price fall lower but the oscillator be higher, if I see that add to it on pullbacks.Then target would be 0.1-0.12. So yeah trade closed waiting to play again. GL with it.

Very same goes for BTC which is leading everything. I think 6400 then up.

Same goes for ETC I think 209 then up, can go to 204.