FOOD FOR THOUGHT.
Updated
It's late, I'm tired...
Have a look at your leisure.
I retract that WARNING WARNING! Post as I now think this will be a 0.618 retrace and the BOOM to $2900.
Good luck.
Have a look at your leisure.
I retract that WARNING WARNING! Post as I now think this will be a 0.618 retrace and the BOOM to $2900.
Good luck.
Note
Keep an eye on that RSI.I'm selling in tranches from $1000 - $1300. Buying back in when that RSI turns up again to well overbought.
Note
There will be a possible shake out to $860 - $780, long wick down (arrow).Catch it if you can...good luck
Note
WARNING: BCH is now 91% up from our recent bottom. This could correct hard on that wick down.One last push and be ready to hit that red button.
Note
Leave a bit in to catch that long wick up to $1400 if you can... before the plunge.Note
We're about to break that last Fib line and complete wave 3... $1250 next.Note
Consider this too... stay nimble..Note
Things could get messy quickly, remember this is up almost 100% from the low!Note
If this happens, we are back to the Bermuda Triangle Idea again!We will have to re-test that bottom on BCH to confirm and then move up.
FOMO take down incomming.
Note
I'm inclined to think this market was so oversold on that 'EVE' bottom recently and there is a lot of money on the sidelines waiting to get back in at the first sign of reversal. This wedge will correct...may turn into something quite nice!
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