A Cup and Handle pattern is formed after a pullback from a swing high rallies back strongly to the prior swing high and stalls due to overhead resistance. The price action then stalls much like a bull flag with slight downward pressure before breaking out of overhead resistance. We expect BCH/USD will decline to the red line @ 1100$ then rise again to form the handle @ 1300$
Good luck,,,
Thank you ----------------------------------------------- Do not read and leave... Like, Comment and Follow ,,,, its' so easy :)
@AnaKingKong, It's our fault because we trade the pattern before its completion
astrologychick
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@AnaKingKong, Thanks, actually that is exactly what I mean when I say that traders see the trees and all I am looking at is the FOREST. The thing with this market and especially BCH is that often it doesn't round out those small pattern details because it is operating on a LARGER SCALE pattern. One that is too big for traders to recognize.
LinkOnline
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Do we buy from $1100?
AnaKingKong
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@LinkOnline, 1100$ is very important price zone and we expect rebound from this zone, So our advice is YES buy once rebound up
We will Share updates keep folloing
Nice charts. But how about the possibility of BTC declining to 4888 as many authors are talking about? How will that affect the price of BCH? Are we going to see double bottom or something else?
And this is how I see it - as a non-trader but clairvoyant person ;-)
yours.org/content/bitcoin--btc--vs-bitcoin-cash--bch----why-the-traders--and-everyone-e-1079d2553f4a