officialTjan
做多

BCHUSD resistance at ~400 & buy opportunities

BITFINEX:BCHUSD   比特币现金/美元
After BCH hit the bottom of its downtrend it is now at the resistance of its last peak at 397.70 and the psychological resistance of 400. This two make a strong resistance and at the moment it seems like BCH isn't ready yet to break it.
So in my opinion a further way like "B" seems like the most realistic.

A:
I don't think this way is possible anymore. (not enough bullish momentum)
If it would break the 400 this time the resistance would become a strong support for further buy opportunities.

B:
Most likely to occur. We now know where the bottom is, at around 300.
Because the resistance at ~400 can't be broken yet the price will likely fall down to this bottom again.
This will build a good buy opportunity.
Then we'll see if it can brake the resistance of ~400 at the next try.
If it breaks it like in B it will build a strong support and everytime from then, when it falls back to 400, it will be a good buy opportunity again.

C:
If it goes like B but isn't able to break 400 again (you'll realize it like at this moment), then you should sell and wait until it falls back to 300 again - and then buy opportunity again.
评论: The resistance at 400 got broken sooner than I expected. After the breakout we got a good buy opportunity and now there is so much bullish power that even the resistance at 484 got broken easily.
If it can break even the next resistance at 548 I see potential up to 700 here. If not, a small correction to 484 might be possible.
评论: Even correction to 400 seems realistic now. But it shouldn't go lower now anymore (strong support)
I’m guessing we should break the $400 residence soon, more and more people are realising BitcoinCash is better and will be better of when the next fork happens Nov 16
+2 回复
@SheriU, I agree with you. But at the moment it seems like we'll touch the bottom again before breaking 400 - like stated.
+1 回复
SheriU officialTjan
@officialTjan, I welcome dips full heartedly as it gives me more time to put in fiat :)
+2 回复
@SheriU, Exactly, this is the right way of thinking when it comes to dips ;)
+2 回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持标签 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出