Hmm... Trend lines seem to meet at $100.
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Moved the opaque Fibonacci slightly. Now they're locked into position. Let's see if they can perform 4 months ahead...
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Moved it back to the original position... So ignore the previous comment above.
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Found some optimism also:
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Hitting outer ring multiple times. Will it resist or break through? We'l see soon.
Also bouncing between converging trend lines. (moved nothing)
Also bouncing between converging trend lines. (moved nothing)
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I think the bearish circular symmetry looks more aesthetically pleasing. So If it manages to break through (upwards) it would mean that it has to quit the strong circular symmetry. This would take it to a totally new level (TO THE MOON). Bytheway, I think it's not only a trend line that makes up a resistance or support, but also circular symmetries. Considering that this particular circular symmetry is so strong it would be more likely that it simply continue on that path and goes down long term. How high could the MOON be if it goes there? No idea.
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Let's say it can go to $14'000 if this unlikely moonshot occurs.
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That red fat line that marks a outer Fib. circle looks like a pretty strong resistance. But, if it breaks through it would make a good support pushing it up. I', not recommeninging anything here. It can both go up and down, we just got to wait and see what happens.
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I'm 35% sure that it will go up and 65% sure that it will go sideways/down..
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It's not healthy for BCH to break upwards. It has to move sideways/down for some months. Target around $1500 I would guess.
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There's immense pressure on Bitcoin cash right now in my opinion. It could spike up to $5000 the next few days. It's interacting with the pitchfork I think. I hope it doesn't go up though. We'll see soon.
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Zoomed in. It's getting pressured from both sides.
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The spike will probably have a top around $3900 and then go down (forget about $5000).
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Ok I'll be precise for fun. It will top at $3970.
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(Not trading advice above I'm just guessing)
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As you can see it started going up.
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Went down again and continues to charge up the circular Fibonacci with energy.
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It is collecting "economical energy". Just like a sonic spindash. www.youtube.com/watch?v=AqqCV9wG...