BITCOIN CASH - Still inside the new triangle - Volume is decreasing - Break out soon
Hello all,
yesterday I showed you the new triangle formed with the lowest point made by the Bitcoin Cash these last days :
We can see clearly that the BCH is staying inside the triangle and that the volume is decreasing. At one moment and before the APEX, we will have a break out in one of the direction. For those who don't know, The APEX is the intersection between the 2 lines.
So, as I suggested you already yesterday, the safer way to trade this is to wait the break out and take the continuation. If you like risk, you can also bet on one of the direction before the break out. With this kind of pattern, we have more probability to have a break out up but I will never bet on this kind of movement as we could have also a powerful break out down.
Take care all,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to loose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BITCOIN CASH - Toujours à l'intérieur du nouveau triangle - Le volume diminue - Break out sous peu
Exactly the truth... Will patiently wait till it breaks out before trading..
Thanks so much for sharing this, it will help a lot of people...
Thank you my friend
Happy that it helps you
You are welcome, i am definitely going to check your blog from time to time to stay updated!!! Nice job...
I feel like BCH is done, everyone is putting volume into BTC for the free bitcoin gold and I feel like it is hurting BCH. I cant see people getting into this now, and I feel like we will see it struggle even though most of the time the charts when looking like that would suggest it will start going up soon. Nice post lets hope for some dirt cheap BCH to go back up soon for some gains! I will follow, upvote and resteem..
People will realize all segwit coins are poison and BCH is the only true bitcoin. It will never die.
I noticed this trend too and withdrew most of my BCH a while back now.
I'm a crypto trader, with 2 years experience. And mining since August 2012 through 2016. Now again on GPUs. I'm not sure if anyone would speculate a break upwards, but I'm not.
There's still some time for the break, if someone can convince us about the gains or the upward break. I would love to hear it and take this risk. But as of now, I do not see it.
Just wait the start of the break out, this is the less risky scenario.
Thanks. Yes, I will watch BCH closely to decide what I'll do with the remaining BCH I'm holding.
Btw, I'm new to this platform. And trying to make the community smarter by sharing my insights and knowledge. Any feedback and discussions with veterans like yourself will be very helpful.
Cheers,
@amratesh
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Thanks for the wonderful post @ cryptopassion!
It should break trading range for the nice move, and direction seems to be not clear at this point of time.
Exactly my friend.
Yep Bitcoin Cash will be pumped I think :)
nice post @cryptopassion
please follow and up vote me @fakirafaruk
Nice chart! Upvoted and resteemed.
Nice demography !