Every crypto and for that matter, even stocks, have a unique personality. Some like to move in price gaps, some are slow and lethargic, others seem to repeat a favorite pattern. This is because chart patterns are a reflection of the traders' sentiments. And in the case of BCH, the sentiment seems to just love haripin patterns.
Here is the updated chart where prices broke through the large white hairpin pattern and remains below it. Does this mean the BCH will go to zero and so everyone should run for the hills? NO! That's a money making mentality void of any discipline. Take a look at the prior hairpin, the red one. I project that a new hairpin will be formed as drawn in blue. These hairpins, as we saw when BCH was sub $300 is its personality and its way of correcting and it takes time and patience.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please have a look at Adex. I think it has formed a handle and cup and exploding to the upside.
But what would be the price target? necessarily the top?
Thanks keep it up
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Can you give an update on XMR... it looks like it's going into a correction. Do you still project it to get into the high 100s. Is it correcting lower because the Korean exchange traders want a lower price? Still a hold?
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Good spot! Here is the updated analysis, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/adex-adx-update-a-follower-found-this-bullish-pattern-developing
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You're a star!
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Upvoted. But usually if it breaks the bottom - should be a sell?
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Sell/Buy decisions must be self generated. I always use stops.
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Thanks Haeijn for the quick replies. I don't see them on my comment section for some reason so missed them.
OK understand - buy/sell decisions but do you use fibonacci series to come to a target price?
E.g. for Neo - seems like an ascending triangle is forming and could break to the upside.
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since i enter around 640 should i get out with minunum loss or keep it normaly i keep but from your analysis look like its gonna take so long
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Hi akbasemre1,
Buy or Sell decision must be self made. I have sold all my BCH shares at it's highs and have discussed it in past blog.
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Good Read! I think some serious pumping going on!
P.S. Coinbase is expected to support Bitcoin Cash early 2018.
P.P.S. Blockchain.info now supports Ethereum!
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All fundamentals fall into place to enable the projection.
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Thank you @haejin :)
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Ha ha! So, You actually did draw this line and then that one. 😂👏
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