Long
BCH Buying point - Keep an eye for a Strong Profit
Hey Guys,
I hope everyone who saw our post yesterday changed their coins to Fiat and we are now waiting for our buying point.
Not a lot of people believe in the idea of BCH, but the coin does hold a future with the solid back up of Roger which can be seen in its last rally from $295 to $970 in less than a week. That means you could have easily got more than 3X return on your investment in less than a week.
It's like a dream for a stock market professional but it's a routine for a crypto trader.
As we see in the chart, BCH has broken its trend line and we got the second confirmation after it broke the FIB level. After today's fall, we may see a small retracement until point (A) from where it is expected to make new lows everyday. However, it will not break its previous low.
Point (B) ranging from $423 to $340 will be the next strong buying point and I suggest you accumulate at different levels to average out the price.
Post the new low, we should see a strong uptrend and expect it to make new highs above $1000 by the end of this year. However, I always suggest taking profit at every level to play it safe.
Do write to us or feel free to ask any queries in the comment section.
Happy Trading!
I hope everyone who saw our post yesterday changed their coins to Fiat and we are now waiting for our buying point.
Not a lot of people believe in the idea of BCH, but the coin does hold a future with the solid back up of Roger which can be seen in its last rally from $295 to $970 in less than a week. That means you could have easily got more than 3X return on your investment in less than a week.
It's like a dream for a stock market professional but it's a routine for a crypto trader.
As we see in the chart, BCH has broken its trend line and we got the second confirmation after it broke the FIB level. After today's fall, we may see a small retracement until point (A) from where it is expected to make new lows everyday. However, it will not break its previous low.
Point (B) ranging from $423 to $340 will be the next strong buying point and I suggest you accumulate at different levels to average out the price.
Post the new low, we should see a strong uptrend and expect it to make new highs above $1000 by the end of this year. However, I always suggest taking profit at every level to play it safe.
Do write to us or feel free to ask any queries in the comment section.
Happy Trading!
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.
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.