BCHUSD getting ready for gains

2024年11月6日

Hello traders,

this is a monthly chart - to keep things really simple.

For the last 2 years BCH price has been "climbing stairs". These "stairs" are based on important levels dating 6 years back (green lines). Price action from Q2 of 2021 up until now has been creating a 'cup and handle' pattern. Handle has beatifully reversed from support level, RSI has found support at 50 level (also important level).

This seems a good entry point to me, with target price for profit taking at 1000-1100 USD. Trade is invalidated, if price dips below 265 USD (one step lower).

It will take some time for this to play out - remember, it is a monthly chart.

This is not a financial advice, trade at your own risk.

2024年12月3日

註釋

For now all according to plan. Up over 50% from posting moment. The biggest gains will come when 'Cup and Handle' pattern starts playing out (price breaks above app 700 USD).

I am not selling my BCH for now.

5月8日

交易進行

This game is not for faint-hearted or for impatient people. In last 6 months we tested the bottom of the highest "stair". We wicked below it, but body always closed above it.

So despite all the emotional rollercoaster in the last months we still haven't broken structure, so this is still playing out. Trade is still active and I hope you scooped some more BCH at 300 USD level