BCH to around 1500 a real possibility! Traces of trend reversal

1 ก.พ. 2020

Weekly candle charts are more accurate than daily candle charts, monthly are better than weekly and so on and so forth. Here we are looking at the monthly. We see something very nice. We see higher lows! It looks like we are on our way to retest 517 (our previous high) If we go over 517 or rather 520 (the crowd likes nice round numbers) then according to the monthly chart we don't have much stopping us getting to the price of between 1348 & 1842. Which would be an insane price jump. Higher lows is good but not a guarantee that the we are in an upwards trend, higher high is a better indicator so we shall wait and see. With the bitcoin halving coming up I speculate we will see a nice jump over that 520 mark and then whatever happens, happens. There is a natural resistance at the 1000 mark. I'm aware of that. Can't wait to see what unfolds.

As always! These are all probabilities and possibilities. Just like in holdem poker AA doesn't always win! But looking at this, I feel like I have a nice hand where Im willing gamble with it. If it doesn't pan out I take a tiny loss and live to play and wait for my next good hand.

Good luck! Be smart and always protect your money at all costs! It is the most important thing you need to learn.