Bitcoin Cash Jan 24 Technical Analysis. Long Term Target T1 - $5,270, T2 - $7,701

in #bitcoin7 years ago (edited)

Bitcoin Cash - Healthy Chart That Shows Sign of Progression Each Wave up.

A few months back, I made a prediction of BCH hitting $2800. surely enough we hit $2799. Then a prediction of $850 as correction target, we hit $851. Then a long term prediction of $3900 to $4400. We hit $4104.

Using the same methods, will these predictions hold?

Long term targets using a 1:1 and 1:1.618 fib extension as targets, we see T1 $5270 and T2 $7701.


Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

Please consider these videos:

Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy
Lesson 3- Let's learn Moving Averages
Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy
Lesson 5 Let's Learn MACD and Histogram
Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging
Lesson 7 Let's Learn Basic Risk Management
Lesson 8 Let's Learn Fibonacci Retracement Part 1
Lesson 9 Let's Learn Fibonacci Extension Part 2
Lesson 10 Let's Learn Laddering
Lesson 11 Let's Learn Time Frames
Lesson 12 Lesson 12 Let's Learn Swing Trading Advanced 55 EMA Strategy

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The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.

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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
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Thank you Jen Lawrence