A look at BCH and the Bear cycle .618 fib level rejection
As you can see it has been rejected (so far) at this critical level used as a rejection point in a bear cycle as explained in my other analysis on BTC.
The yellow curve is the same exact size and curvature parabolic curve used on BSV and ETC and in line with my other theory on BTC.
Once BCH breaks this .618 level and closes above it twice, we may see a surge to the $500 range.
Of course, if it either doesn't close above fib level or has a false breakout and comes back under the fib level, expect a retrace.
Currently still above EMA10.
I believe we are going up but won't open the trade until full confirmation of above. If it rejects I will go short.
What are your thoughts on where BCH is heading?
Happy trading legends!
HTBB
The yellow curve is the same exact size and curvature parabolic curve used on BSV and ETC and in line with my other theory on BTC.
Once BCH breaks this .618 level and closes above it twice, we may see a surge to the $500 range.
Of course, if it either doesn't close above fib level or has a false breakout and comes back under the fib level, expect a retrace.
Currently still above EMA10.
I believe we are going up but won't open the trade until full confirmation of above. If it rejects I will go short.
What are your thoughts on where BCH is heading?
Happy trading legends!
HTBB
Related publications
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.