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BCHUSD possible ascending wedge
I've been holding BCH for over a month. Fast growth in the beginning, but lately it's been having trouble regaining momentum. I made the mistake of ignoring the indicators and investing on emotion (see the three circles in the chart).
Currently, there's a possible rising wedge forming. We've already seen that in the quick crash yesterday BTC bounced back immediately but BCH cannot. There's also diminishing volume. It could very well retest $1200.
On the flip side, there was a bullish crab earlier, though yesterday's crash may have cancelled out the momentum there. If BCH can break back in channel (>$1650), a retest of $1200 can be avoided.
Currently, there's a possible rising wedge forming. We've already seen that in the quick crash yesterday BTC bounced back immediately but BCH cannot. There's also diminishing volume. It could very well retest $1200.
On the flip side, there was a bullish crab earlier, though yesterday's crash may have cancelled out the momentum there. If BCH can break back in channel (>$1650), a retest of $1200 can be avoided.
ملاحظة
Shit, I should've sold it earlier, like so many times over.ملاحظة
I think this is confirmed.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.