BCH/USD - buy the blood

Hello folks,

We have here 2 potential bearish patterns a cypher & a gartley these are sell signals..

I never long or short because i see a potential harmonic pattern they are meaningless without a d leg completion you can max. combine bearish with bullish ones im currently long here because reached the demand zone not expecting the price to fall below 320. The price almost lost 2/3 of its value since it peaked at 950$.

Tp 1 - 450$
Tp 2 - 630$



-rakim

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Another discovery we had 7 red weeks behind us now nothing will go down forever

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if you are long since i published the chart i suggest moving your sl to breakeven

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for your information i sold my bch i will rebuy if it goes above 385 i need more confirmation it just dont looks good rightnow it looks like a rising wedge we could retest the last low and make a double bottom or even make a lower low thats where we will look for some divergence later incase it happens.

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If we break the last low its possible to go to 330 worstcase 300
i thought theres negative correlation between bch and btc rightnow but as it seems bch is still following btc there were sometimes negative correlation sometimes not.

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Im starting to accumulate at this level now 4hr bullish divergence on the rsi

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current view on bch

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my current view on bch still remains the same: the longs on bch are also stacking these longs are probably from spoofy its just a matter of time till this thing fly

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classic accumulation walls poloniex.com/exchange , www.bitfinex.com/order_book/bchusd look for the number 350 on bitfinex

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nice breakout tp1 reached time for the reload zone 352-355$ after that 450-480$ +