BITCOIN CASH (BCH) - New triangle in formation - Break Out soon

in #trading7 years ago

Hello all,

The BITCOIN CASH (BCH) is forming a new triangle pattern and we should see soon a new Break Out:

BCHUSD.jpg

As always no one can be 100% sure of the direction that the Break Out will take.
The safest way to trade it is the following :

  • Wait the start of the Break Out (UP or DOWN)
  • Enter your position by following the trend
  • Determine your profit target when you know the price of your entry
  • Wait and adapt if needed your profit target to sold your position with I hope a nice profit.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. 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.

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After the last peak (caused by market manipulation) it broke downward out and this peak looks exactly same and is fundamentally the same too. Downward outbreak is what this scam coin deserves!

@cryptopassion, thanks for the useful information, more of it to come..

Thanks for the important info

I hate bitcoin cash. It is over priced and isn’t a good coin. I wish People would stop putting money in it. Ugh. It has burned me twice, but the second time, I got out before it did serious damage to my wallet

All coins seem overpriced until they achieve 10x current value. Bitcoin Cash should double or even triple over the next few months. What is your favorite coin to invest in? Thanks

I have a few favorites . Like stellar Lumens, ETH, Ripple, verge and a few other small coins that are new to the market. Which do you invest in?

I have all of those coins and maybe 30 or so others. I day trade a lot of coins and take the profits and purchase long term invest crypto like eos, ada, eth, btc, bqx (ethos), ven, grs, dash, xrm. Trading crypto is a lot easier than trading traditional stock options. If you ever have any questions about a coin feel free to ask and I will attempt to give you the best possible answer. Have a great Tuesday.

It has burned me twice

You burned yourself trying to trade a coin you think is without value. Next time try investing in something you believe has value.

PS. Bitcoin Cash has tremendous value. Soon you'll be saying it burned you thrice because it went to the moon without you.

No. I bought the coin as a replacement for BTC. I bought it because I thought it had value, not because I thought it didn’t. It burned me because BTC continued going up faster and quicker than bitcoin cash. Bitcoin cash plummeted. It is definitely no better than bitcoin and is worthless. It has no purpose. It will not go to the moon anytime soon

It burned me because BTC continued going up faster and quicker than bitcoin cash

This is just not true unless you bought it in August and sold it before October...

It is definitely no better than bitcoin and is worthless.

Your delusion is showing...

Great charting analysis. Thanks

Bitcoin is a microsoft make money
Now a days many people are eagar for kowing this
I mine this post is valuable to them as they know about bitcoin....
carry on your activity...best of luck

I've been wondering if perhaps BCH wasn't ready for a major increase, as BTC struggles. I do believe BTC will fine also.

Hi sir, i'm here and I see your post, it's really awesome post

I'm not a BCH guy, but you learn new things everyday. Didn't even know that triangle analysis was a thing!
Thanks a lot, will definitely come in handy in the future.

Thanks for your evaluation. How do you build your watchlist the evening before or in the morning before you start trading?