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1hrchart

BCH Bullish DivergenceTripple bottom formation on 1hr chart. 4hr chart is looking to make a turn around soon. If this price rise happens, look to the 1D chart for a near drop in price possibly breaking $300 resistance. Influx of volume today will confirm or cancel out this forecast. ______________________________________________________ Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, and a potential total loss of their investment. Information provided by King Midas is not intended to be, nor should it be construed or used as investment, tax or legal advice, a recommendation, or an offer to sell, or a solicitation of an offer to buy, an interest in cryptocurrency. An investment in cryptocurrency is not suitable for all investors.
COINBASE:BCHUSD
by ILL_Midas
3
30 minute chart inv h&s attempting to trigger on btcusd We can see here on the 1hr chart that this 30minute chart inv h&s is trying to trigger a breakout and the current 1hr candle does have some convincing volume behind it. The reason for showing the 1hr chart is 2fold. Firstly, this 1hr chart 200ma(in blue) is clutch support...to sustain this inverted head and shoulder breakout all we need is for the 1hr 200ma to maintain solidified support. Secondly, I chose to show the 1hr time frame to show how if we sustain this breakout how quickly we can flip this 1hr deathcross back into a 1hr goldencross which would confirm the 1hr deathcross fakeout and be a very bullish sign...not only that but he the 4hr 50ma is also starting to curl upward because of this bullish candle and I'm confident if we can achieve a sustained 1hr golden cross we will see the 4hr golden cross occur and be sustained as well confirming the 4hr deathcross fakeout which would be an extremely bullish development too. As I have been saying in several recent ideas I thought that even if the 4hr deathcross were t occur that probability favored it being a fakeout that soon flipped back into a 4hr golden cross and it seems right now that that has a very real chance of still occurring...it all rests on the 1hr 200mas shoulders though. Weekends are notorious for dumping so this breakup could be the fakeout..so all eyes on the 1hr 200ma maintaining support. If it doesnt we still have a bear flag, a rising wedge, and a normal h&s to worry about in the bears artillery.
COINBASE:BTCUSDLong
by DrDovetail
1