I retract that WARNING WARNING! Post as I now think this will be a 0.618 retrace and the BOOM to $2900.
Good luck.
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Keep an eye on that RSI.
I'm selling in tranches from $1000 - $1300. Buying back in when that RSI turns up again to well overbought.
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There will be a possible shake out to $860 - $780, long wick down (arrow).
Catch it if you can...good luck
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WARNING: BCH is now 91% up from our recent bottom. This could correct hard on that wick down.
One last push and be ready to hit that red button.
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Leave a bit in to catch that long wick up to $1400 if you can... before the plunge.
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We're about to break that last Fib line and complete wave 3... $1250 next.
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Consider this too... stay nimble..
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Things could get messy quickly, remember this is up almost 100% from the low!
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If this happens, we are back to the Bermuda Triangle Idea again!
We will have to re-test that bottom on BCH to confirm and then move up.
FOMO take down incomming.
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I'm inclined to think this market was so oversold on that 'EVE' bottom recently and there is a lot of money on the sidelines waiting to get back in at the first sign of reversal. This wedge will correct...may turn into something quite nice!
yours.org/content/bitcoin--btc--vs-bitcoin-cash--bch----why-the-traders--and-everyone-e-1079d2553f4a