Bitcoin Cash (BCH): Breakout!!

haejin (88)in #bch • 7 years ago

SUMMARY

When Bitcoin Cash (BCH) was in the corrective decline; the below chart was used. The ABC correction was likely in the final stage with a one more lower low and a $682 target was used.

Currently, price is showing at the early stage of a sizable rally after hitting a $759 lower low. The key question is how high this rally will go.

What's clear is that a breakout has occurred! The upper line of the symmetrical triangle was breached decisively and price is holding up quite well! From the most bullish stance, breakouts from these wedge rallies often exceed the starting point! Let's see how the next few days show us as an impulse should be showing.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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7 years ago in #bch by haejin (88)

$311.62

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sirstacksalot (63) 7 years ago

BCH is my favorite Bitcoin! I prefer it over the original.

$3.28

2 votes

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ryan313 (57) 7 years ago

Thanks!!! could you do PAY .... TENX .... thanks🙏🏻

$0.32

1 vote

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benben-ben (33) 7 years ago

Yesterday i thought about asking you about BCH since it break out of the correction shown in the time packman post, but i forgot.

looks like it arrived at you mentally ;)

thanks for that update, appreciate, cause i sit on a bunch of them... wasnt selling them when i should.... but i learn every day something from your post

thanks for your afford @haejin , have a great weekend, dont forget to take some time to relax!

to all who lost: its all a long term investment, so take your positions wisely, dont sell it now! put it away safe, enjoy life and see your investment rise!

just input the money you can afford to loose!!! this is important to make the rally joyful!!!

I was just amused about the dip, all the funny news.... could invest on a price back some months.
if you dont believe in a product, dont buy it... know what you buy... if you dont know it you will experience fear and doubt in a correction and maybe you will act unreasonable...
a good investment takes time, when you try to fasten it up... in my experience it ends mostly bad...
Excuse yourself for some failure... remember the fault, learn from it for your next investment or trade... everyone looses from time to time!

Great Day and Weekend to all of you!
Enjoy the Life!
i will do, going on a Motorbike trip with my Hammok for a month (or more :D)
but i will check your further analysis.

p.S: @haejin you ever made a analysis on IOTA? would be nice to see, since it was a very interesting pattern...