UnknownUnicorn942585

BCH/USD more retrace expected

BITFINEX:BCHUSD   None
Im expecting here more retrace to 475-510$ it's not an advice to short more like an advice to buy incase the target is hit. If you already invested in its the best investment you made in your life ;)

If the target is hit the TP is 1300$ within 10 days or less. Target before we rush into the new year 7000$.

I will keep the idea updated and post later why i think its going down.


- rakim
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expecting now a retrace to 575-580$ and a bounce to 610-615$ if you like to play the bounce game this is my setup

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If btc stops rising its bch turn
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Thats my view for the incoming 2-3 weeks on bitcoin cash :

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We will see very soon another difficulty adjustment on bitcoin cash it's not clear where we are heading too it could drive the price down but also up.
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Still in a downtrend if the difficulty adjustment impact the price we will reach our target of 475-480$ which is probably our last chance to buy bch aka the btc of the future below 500$ before we go to 4 digits.
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Finally moving down. high likely to go sub 500 today
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this coin costs me alot of nerves
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I figured out something interesting, 185.000 BCH has been withdrawed on bitfinex since bch has been launced.

Whales has accumulated 2-4 million bch on all exchanges worldwide we will see a pump which isnt from this world. And the day for the pump is tomorrow we could go sideways overnight made a bit research and the best day to pump it is tomorrow imo.

bitinfocharts.com/de...cR5pmSFQ8P3RGK7g96VC
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The daily chart looks like a huuuuuuge bullflag we are still in a correctur wave which most of the time end if the basisline of the bollingerbands is touched it dont must touch the bbands by a couple of bucks it's also ok if its close to it i drawed a box there its a buy between 498-530$ it's just a matter of time till we shot to the sky.

The price was very stable in the last few days some deep pockets haven't allowed it to drop. Im optimistic that the third wave could bring us to 1.3k or even more.

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Almost there 50$ dollar more
I will go all in at 535.
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looks very bottomed here bought 1 hour ago some just to make sure im on the boat wil buy more if it drops more.
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bought more.
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Discovered some bullish divergence on the 4hr chart
not expecting a further downmove than 525-535 fasten your seatbelts dont panic sell, stay calm :)
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535 touched we are at the bottom area bought now even more all in!
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bullish divergence even on the 1hr chart
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Next shortterm target 720 and a retrace to 650 after that 4 digits.
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Keep an eye on 640 we need to breach that level.
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I repeat please be carefully at 640 if it dont break through we have a problem, incase it dont breakthrough i will sell and wait for a re-entry.

It's also likely to wick uup to 660 and close below 640 thats my bear scenario
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Hey guys so my target here is still 640-660 it's likely to dump even more after this to 450. BCH rised with btc together and im expecting btc ro rise a little bite more, the negative correlation isn't there anymore that means if btc dumps bch will dump aswell.

So we should prepare for 640-660 -> 450.
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something like this
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I sold my whole stash btc will collapse soon with bch together. Im out my re- entry would be 430-450

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We probably will make a double bottom on bch or almost a double bottom we have a possible bullish gartley pattern here the D leg would complete at 529$.Target after D leg completion 575$ - 610$

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order cancelled i repeat order canncellledddddd ICOS banned in china its raining strawberries on everything
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the D leg is completed now but i wont take this trade to dangerous there is to much fud in the air

if btc breaks down we will see 470 if btc rise we might reach this target here how ever if you feel comfortable its your choice


this is not a financial advice you act on your own responsibility.
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D leg will be invalid if it fells below 523.35 so everything below 523 is invalid the gartley should be ignored then
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i think its more likely to see this one than the gartley
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Went almost to my target: target was 465 also exceeded the sellarea

No more updates here.
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