$BitcoinCash Fractal Analysis
Güncellendi
Hello, my dear friends!
The entire Crypto Market is experiencing the deepest form of despair I have ever seen! It is in these times where the best entries are formed.
Now, before we get too depressed let's take a look at the daily chart of Bitcoin Cash.
After analyzing the previous market cycle of Bitcoin Cash, I found a beautiful fractal that seems to be repeating.
When BCH was added to the market, we saw a great rally followed by the ABC retrace I have drawn on my chart.
After the rally, price slowly trended on the downside until finding support after a near 90% retrace.
Now, if we take a look at the current market cycle of Bitcoin Cash we see the same fractal pattern playing out.
Prices rallied from late October to mid November, before a very sharp sell off of 80% from ATH.
What followed next was the ABC retrace that we are still currently riding out to the bottom.
Taking a look at the MACD, we can clearly see momentum is oscillating in a symmetrical triangle pattern. This pattern can go Bullish or Bearish however,
I believe that the probabilities are in the Bulls favor.
On the Daily RSI we have a clear oversold signal which tells us that the sellers are slowly dying out.
For those looking for an entry, now is a great time to be accumulating cheap BCH.
Thank you all for tuning into this weeks fractal analysis of Bitcoin Cash!
Will History Repeat Itself? I sure hope so!
Remember to love thy neighbor as thyself, and remain positive throughout the deep despair of the Cryptocurrency Market.
Great things are coming, it's been prophesied. ;)
The entire Crypto Market is experiencing the deepest form of despair I have ever seen! It is in these times where the best entries are formed.
Now, before we get too depressed let's take a look at the daily chart of Bitcoin Cash.
After analyzing the previous market cycle of Bitcoin Cash, I found a beautiful fractal that seems to be repeating.
When BCH was added to the market, we saw a great rally followed by the ABC retrace I have drawn on my chart.
After the rally, price slowly trended on the downside until finding support after a near 90% retrace.
Now, if we take a look at the current market cycle of Bitcoin Cash we see the same fractal pattern playing out.
Prices rallied from late October to mid November, before a very sharp sell off of 80% from ATH.
What followed next was the ABC retrace that we are still currently riding out to the bottom.
Taking a look at the MACD, we can clearly see momentum is oscillating in a symmetrical triangle pattern. This pattern can go Bullish or Bearish however,
I believe that the probabilities are in the Bulls favor.
On the Daily RSI we have a clear oversold signal which tells us that the sellers are slowly dying out.
For those looking for an entry, now is a great time to be accumulating cheap BCH.
Thank you all for tuning into this weeks fractal analysis of Bitcoin Cash!
Will History Repeat Itself? I sure hope so!
Remember to love thy neighbor as thyself, and remain positive throughout the deep despair of the Cryptocurrency Market.
Great things are coming, it's been prophesied. ;)
İşlem aktif
Succesful Breakout.Now, let's get ready for the Hype Cycle!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.