Seen Peter Brandt mention H&S and hes very right! this looks amazing and I wanna chart it all out to show what I see... The bigger green Triangle and chanel is just for fun. I cant predict that far ahead but just guessing. The H&S looks very good tho . I think we have a min. target of $155
Since May 1st Bitcoin Cash started a breakout that is about 32% so far, which is nice. But not nearly as great as the last breakout of April 17th, which was about 109%.. The last one would have doubled your money in just a few days! This breakout is weak and is loosing steam showing DIVERGENCE and signs of negative volume! I was at first confused for a moment...
In this video, I'm reviewing the structure from 1,574.37 and I present few options, not based on pure talk but based on the price structure.
1 more leg lower versus correction completed
If you have comments, disagreements, please put your chart in the comments so we can discuss (and not just "you're wrong, we go to the moon" ;-)), I will be more than happy to...
![BCHUSD: [BCC-USD]BITCOIN CASH-FALSE BREAKOUT- LOOSING STEAM!](https://s3.tradingview.com/w/WLPgXBLZ_mid.png "[BCC-USD]BITCOIN CASH-FALSE BREAKOUT- LOOSING STEAM!")
