GeeWillikers
Long

BCHEUR waiting for a pullback to Long

BITSTAMP:BCHEUR   Bitcoin Cash / Euro
Little look at BCHEUR on the daily. Has stalled at the 100 MA. FOMO is a powerful thing but I'm gonna wait and see if we get a retrace to the 618 or 786 fib from this breakout move before considering a long trade. Around 500ish in USD. Hard fork should hopefully drive it until the 15th providing BTC doesn't shit the bed.

Targeting 550, 670 depending on how BTC moves. 1.618 and 2.618 fibbs.

Not trading advice. Just my ramblings.
Comment: So seems like FOMO had its day and it went higher than I anticipated. I didn't chase the trade (had to sit on my hands!). Currently waiting to see if the price levels out around 465 EURO/ 530 USD - viewing it as a parallel channel for a potential long - but all eyes on BTC.

BTC had a small move up as well. I expect whatever happens there will provide the movement in the market for the upcoming week. Either sideways around 6400 or up to test the 6500 level which should see some continuation elsewhere. If we break 6400 to the downside I expect 6300 to be retested and to get some consolidation across these bullish alt moves we have had recently.
Comment: Gained some support around 468 in a bull flag formation as well as the base of a potential parallel channel. I went long at support.
Comment: Continuing to move nicely up in the ascending channel.
Comment: 520 is the level to break for now to avoid a double top.
Comment: Made a small ascending wedge and broke down and out of the channel. Should be supported by the bottom of this triangle we have formed now.
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