Updated
BCH Updated idea
Hello Traders,
Updating my last chart with overnight price action - we have hit $1200 and there was no real bounce, the battle ensues between bull and bear and at this point I think we are waving the red bear flag, at least until we test next support.
I keep reading on twitter / reddit people are calling for BTC to test $6000 again.... my only concern with that is that BCH will test somewhere in the $700s therefore this wave impulse will be considered a failure and a longer term bear market could be in play.
But don't panic yet, we have a little way to go before that is to be even considered - if there is a decisive break below $950 (as on chart) We will need to re-assess where we are going, at this point it is looking like a very healthy correction for BCH to be able to reach new highs - think of BCH as a rubber ball bouncing, the harder you throw it to the ground, the higher it can bounce! (Without breaking key points ($950) that is)
Hoping this has helped...
Happy Trading.
LNE
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
Updating my last chart with overnight price action - we have hit $1200 and there was no real bounce, the battle ensues between bull and bear and at this point I think we are waving the red bear flag, at least until we test next support.
I keep reading on twitter / reddit people are calling for BTC to test $6000 again.... my only concern with that is that BCH will test somewhere in the $700s therefore this wave impulse will be considered a failure and a longer term bear market could be in play.
But don't panic yet, we have a little way to go before that is to be even considered - if there is a decisive break below $950 (as on chart) We will need to re-assess where we are going, at this point it is looking like a very healthy correction for BCH to be able to reach new highs - think of BCH as a rubber ball bouncing, the harder you throw it to the ground, the higher it can bounce! (Without breaking key points ($950) that is)
Hoping this has helped...
Happy Trading.
LNE
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
Note
Quick correction below $1025 is where we will see a wave failure and longer correctionNote
Reassessed wave failure at 935ish
❣️Lisa N Edwards❣️
TRADE MY SIGNALS
gettingstartedincrypto.com/
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ALL MY LINKS linktr.ee/LisaNEdwards
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
❣️Lisa N Edwards❣️
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.