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Is this reversal time ? BCH breaking out of a falling wedge /!\
A falling wedge, is a reversal pattern.
Since Nov 13th 2017, BCH has been on a descending trend vs. BTC.
If my reading of the chart is correct, I believe we are seeing a falling wedge breakout by the top.
This could lead us to the next resistance of a much wider triangle (hitting the top resistance on point (E) at 0.15 btc
This is very bullish for BCH, in USD terms this could mean going back to $1200 if we consider BTC at $8000.
If the breakout is rejected then we might go down a lot further - i'll publish another scenario on this if this is the case.
Twitter: twitter.com/Blockchain_rekt
Disclaimer: this is NOT financial advice. Be smart, invest wisely those are very volatile markets hence very risky.
Since Nov 13th 2017, BCH has been on a descending trend vs. BTC.
If my reading of the chart is correct, I believe we are seeing a falling wedge breakout by the top.
This could lead us to the next resistance of a much wider triangle (hitting the top resistance on point (E) at 0.15 btc
This is very bullish for BCH, in USD terms this could mean going back to $1200 if we consider BTC at $8000.
If the breakout is rejected then we might go down a lot further - i'll publish another scenario on this if this is the case.
Twitter: twitter.com/Blockchain_rekt
Disclaimer: this is NOT financial advice. Be smart, invest wisely those are very volatile markets hence very risky.
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.