BITCOIN CASH Short Term Target $377.55; Bullish Ascending Right Triangle Pattern

haejin (88) in bitcoin • 7 years ago (edited)

SUMMARY
Bitcoin Cash (BCH) along with ZEC has been a real laggard amongst the Altcoins...they just can't seem to pick themselves off the floor! However, if you're looking for profit potentials, often these laggards end up outshining the pack. These late bloomers are what I like to pick up for accumulation.

The BCH chart below shows the bullish ascending right triangle pattern. The horizontal and rising white lines demarcate the right triangle borders. The bullish wick is interesting as these are often reliable indicators. The purple line projects a price pathway. The blue line that's parallel to the rising white line is used to estimate price target. The dotted blue line is drawn vertically from the point of apex (the point at which the two white lines intersect) until it meets the blue parallel line. The horizontal white line needs to be breached in order for this ascending right triangle pattern to be complete and confirmed.

--

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36

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.**

bitcoin bch cryptocurrency blockchain money

7 years ago by haejin (88)

$1.64

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!

Sort Order:

Trending

[-]

safrijals (64) · 7 years ago

Good post

$0.00

[-]

minnowpond (62) · 7 years ago

@eileenbeach has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

    To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
    To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo
    To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo

$0.00

[-]

minnowpond (62) · 7 years ago

@royrodgers has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

        To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
        To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo
        To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo

$0.00

[-]

bossanovawitcha (26) · 7 years ago

Haejin, would you consider giving an update on Stratis and whether you think it may be due for a breakout soon?

I want to believe it is insanely undervalued for 2018/2019 as Blockchain As A Service (BAAS) starts to bear fruit with corporate world gaining blockchain awareness. Cheers.

$0.00

[-]

blueturtle (25) · 7 years ago

I am learning a wealth of knowledge from your technical analysis. Thank you.

$0.00