All targets Met and Exceeded BCC Bullish Momentum Strong
4 hour time frame
Slight pullback after run. Consolidation on shorter term time frame occuring. Trend shift clearly denoted by surge in volume.
5 minute Time Frame
Bull flag consolidation as the 5 minute stochastic RSI cycles unless extreme volume carries the value higher.
Bitcoin Cash USD
Target on bull flag consolidation breakout is $636, then ambitiously $700-$725.
By now hopefully you locked some gains or are walking up a loose stop loss/conditional sell.
Trade: Enter 30ema (9ema 24hour adjusted) stop loss just below.
Alternative: Buy on 5 minute bull flag breakout confirmation
Edited: 5min 30ema didn't hold watch for break out confirmation or try again at the 68ema.
To see previous analysis of bitcoin cash for this run: BitCoin Cash - Bull Flag Consolidation - Maintain target 0.106 BTC
Follow at your own risk, Not a financial adviser, understand the risks associated with trading and investing. Manage your own Risk - in other words you could lose it all and I could give a fuck.
Great post.
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But I have none. :-(
I was waiting for winning the lottery, and then Bitcoin Cash to drop to $100. Seems it is not my lucky year.
I just saw though the mining is not decentralized...92% in one group of miners.
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I don't pay attention to that. Just what charts are showing.
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I can't believe bitcoin cash has such a high value when they created it with pretty much zero investment,lol :)
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