BCHBTC reversal coming probably by end of the month.
(this is my first published Idea on tradingview so please be kind :) )
yes I know there is too much stuff on this but that's how I work, now look at the RSI waves synchronized with breaking the long term resistances one after the other. The pattern is beautiful and there is only 1 last to break to enter bull mode. Also notice that each RSI wave is synchronized with a lower volatility wave in price, which clearly shows that bears are running out of steam. Again this reversal will synchronize with the Satoshi's vision conference in japan next week (March 23-25) and the release of BCH biggest app so far called cointext (march 27) that will allow everyone in the world to send crypto with 1 sms to any dumbphone in the world, for the first time in history (already working in private beta).
I expect a big rally during the conference and the release of cointext, probably followed by a correction after that. But this correction will probably find support above the previous low, confirming that we are entering a new bull cycle.
BCHBTC is currently at 0.164 from 0.113 when I made this prediction. The reversal took longer than I expected as we went to test 0.09btc levels to retest broken resistance before reversing and shooting to 0.16 levels in a matter of days. In $USD we went from $1000 at the time of the above prediction to $1500 today (1 month later) with a test of $600 levels in-between.
There is a high probability of a correction now but the bear market is definitely over and bull market is now active. Any correction is a time to buy more in this bullmarket.
My model hints at at least $5000 and 0.5 btc as a target in coming months