Case for Up:
Conflunce on Fib levels which match targets:
- H&S bottom Gives us a return to the 78.6% fib extn. c.$1950-2000 where we will meet resistance.
- C&H: we will probably retrace from the H&S target to the top of the cup which will then look to retest the previous highs at $2600 and complete the ascending triangle.
- Ascending triangle once broken we are looking at the 1.618 target range of $4000- 43000.
Conflunce on Fib levels which match targets:
- H&S bottom Gives us a return to the 78.6% fib extn. c.$1950-2000 where we will meet resistance.
- C&H: we will probably retrace from the H&S target to the top of the cup which will then look to retest the previous highs at $2600 and complete the ascending triangle.
- Ascending triangle once broken we are looking at the 1.618 target range of $4000- 43000.
Commento:
If bitcoin can keep its head up BCH is going to start making some big moves v soon.
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Expecting BCH & the other coins to follow BTC soon.