Ready to potentially profit from Bitcoin Cash again? Remember the apex earlier on the Mother of ALL symmetrical triangles? Well, here is another one! Bitcoin Cash just loves triangle patterns! The white trend lines show where the triangle is happening and the apex is arrowed. I've labeled prior five waves 1,2,3,4,5...look how gorgeous they look in forma and fit. The hourly MACD is getting deeper into oversold. So, I'm laddering my entries.
Here is the key! If price breaks below the lower support of the triangle, then the bull call is invalidated. So, consider using a tight STOP.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: 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.
I'm still holding from the initial issue (more laziness than a belief in bitcoin cash). I may continue to hold now
hey @haejin! was looking on this pattern as well, if this is to go up, where would you say it would safely peak? thanks before!
I'll post an update on that after the breakout, if it happens.
Great stuff man, following you and upvoted. Loving me some Bitcoin Cash
most of mine is in ripple. just a little on BCH because it is an apex.
But the c is very short.