We have had a melt down in BCH in Jan-Feb and TA wise this amounts to a reset. All previous models have been invalidated, people have panicked, even some analysts have gotten emotional and called it a P&D. They forget that BCH is in the middle of a frontal collision with BTC. Extreme volatility was and is to be expected. Moreover, in an emotional market like this leverage is a faux pas, or you will get burned. It is a statistical fact. Keep a cool head, do not over trade and be prepared to wait. Behind the paywall you will find specific entry points if you are in the sidelines. But I will tell you here and now that 1400-1600 (price @ time of writing) is not an entry/exit zone. Stay out or wait it out.
Short term outlook (1mo) is bullish, mid term is mixed (3mo). Fundamentals will play a key role: Bitpay, LN, BCH May upgrades, PR events. PA shows there is a big dark cloud hovering over the market that will ultimately condition the long term (1y) outlook. The market is sensing a lot of uncertainty, and there is an all pervasive deep sense of mystery about...something. What? Difficult to say and scenarios abound both technically and fundamentally. Fundamentals wise, this could either be about LN (3 scenarios behind paywall) or a big BCH inherent challenge (at least 4 scenarios).
Short and simple: Bulls currently have the upper hand. Bears have gone too far, too quick and are taking a break. Action plan behind the wall on yours. www.yours.org/conten...nalysis-a572553be47d
Short term outlook (1mo) is bullish, mid term is mixed (3mo). Fundamentals will play a key role: Bitpay, LN, BCH May upgrades, PR events. PA shows there is a big dark cloud hovering over the market that will ultimately condition the long term (1y) outlook. The market is sensing a lot of uncertainty, and there is an all pervasive deep sense of mystery about...something. What? Difficult to say and scenarios abound both technically and fundamentally. Fundamentals wise, this could either be about LN (3 scenarios behind paywall) or a big BCH inherent challenge (at least 4 scenarios).
Short and simple: Bulls currently have the upper hand. Bears have gone too far, too quick and are taking a break. Action plan behind the wall on yours. www.yours.org/conten...nalysis-a572553be47d
交易开始:
Wave A has been completed and we are now in Wave B. Price action is following our model and I see a great entry opportunity here. If you have been following my article then you should have already gone long earlier today during the deep dip in the 1200s. From a RR perspective the price still justifies a great entry with R(isk)R(eward) < 0.1, which is excellent.