BitCoin Cash/USD Bittrex: Possible pullback, or more bull run?

This is my first TA, so please bear with me.

Based on Fibonacci levels and the current BitCoin bull run, I am seeing a possible peak at $696, and possible pullback to $550 if it breaks down. If the BitCoin run continues up, we could see $780 on this by next week. On the other hand, if BitCoin corrects hard, we could see retracement back to around $460-$500.

Please feel free to add comments and constructive criticism below. If you are just going to troll, do it elsewhere.

评论:

I forgot to add my disclaimer: I am not a professional trader, and as such, cannot advise you on what to buy or when. If you choose to use my opinions as guidance for buying and selling, you understand that you do so at your own risk and that you cannot hold me responsible for your actions.

Any and all analysis I submit is strictly my own opinion, based on my own observations and should not be construed as fact or professional advice.

评论:

A surprise success in calling the dip. My initial projection for the peak at $696 didn’t quite make it there, stalling at around $685. Yesterday’s announcement of B2X being put off seems to have affected the BCH (don’t know why Bittrex hasn’t renamed this symbol like other exchanges) price accordingly, and we saw a fall to $501, at least temporarily. I have overlaid the original Fibonacci retracement on the current chart for comparison. I still think we might see this climb to near my original prediction, just a little slower than anticipated.