已更新
Bitcoin Cash - Brief sunlight till $2700 or more?

The last winter lasted for 4 weeks and it was really tiring. We started second week of consolidation now. Are we done? Is the worst part over?
We touched the upper end@$2700+ of the wedge yesterday after a strong green candle and the resistance was too strong, also that happened to be the upper channel of the RSI (Blue channel). So double punch to the face and BCH was knocked out.
However, we got up now after touching the lower channel of RSI - Perfect!
We may continue to consolidate within this RSI channel, but the green wedge looks to be ending with an opportunity to break out (blue zigzag arrow). Resistance at $2700, $3000
But an end of a correction is always difficult to predict, so need to keep an eye and hold on to cash. BTW for long term, this is a good entry point but be patient and don't panic sell.

BCHBTC is holding very well through all these ups and downs at 0.16 level. If this is indeed the end of 4th wave correction, we are in for a treat! However, BTC appears to be in a bad shape now and can go to $10000 or below, bringing down BCH with it
Good News:
themerkle.com/dream-market-makes-surprising-return-integrates-bitcoin-cash/ (Dream Market accepts BCH)
twitter.com/khanacademy/status/946537549396197376 (Khan Academy accepting donations via BCH)
Most of my recent updates are available in the previous charts and twitter. I find twitter to be a quicker medium, so do check that out.
We touched the upper end@$2700+ of the wedge yesterday after a strong green candle and the resistance was too strong, also that happened to be the upper channel of the RSI (Blue channel). So double punch to the face and BCH was knocked out.
However, we got up now after touching the lower channel of RSI - Perfect!
We may continue to consolidate within this RSI channel, but the green wedge looks to be ending with an opportunity to break out (blue zigzag arrow). Resistance at $2700, $3000
But an end of a correction is always difficult to predict, so need to keep an eye and hold on to cash. BTW for long term, this is a good entry point but be patient and don't panic sell.
BCHBTC is holding very well through all these ups and downs at 0.16 level. If this is indeed the end of 4th wave correction, we are in for a treat! However, BTC appears to be in a bad shape now and can go to $10000 or below, bringing down BCH with it
Good News:
themerkle.com/dream-market-makes-surprising-return-integrates-bitcoin-cash/ (Dream Market accepts BCH)
twitter.com/khanacademy/status/946537549396197376 (Khan Academy accepting donations via BCH)
Most of my recent updates are available in the previous charts and twitter. I find twitter to be a quicker medium, so do check that out.
Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
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Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。