Bitcoin Cash appears to have completed its corrective wave and is now forming a massive triangle pattern on the daily chart with higher lows. Technical Indicators also suggest an imminent breakout in the near future, as RSI is beginning to form higher lows on the weekly chart, and the Awesome Oscillator is beginning to form green histograms with an upward trend.
Once there's a break above this massive triangle pattern, I expect a massive run similar to the 2017 Bitcoin Cash bull run. I will make an updated prediction once we see a break above this pattern.
Brutally wrong. I don't think you can get more wrong.
Nafesy
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@millersir That said, if you look at the year chart, we might just be seeing the second shoulder of a very large inverted head and shoulder pattern - in which case, only temporarily wrong :)
millersir
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@Nafesy sorry dude but hope is no part of a sound trading plan.
testertje777
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ouch
Nafesy
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There's the correction. Now, as the song says, "The only way is up!" 😁