Upcoming (BCH/BTC) Setups -- Non Furu Eyes Only (LONG)
Disclaimer: This post is for Non-Furu Looking-Eyes-Only. This is forecast of two upcoming trade setups based on the daily. Since dailies typically exhaust the mental acuity of Furus, if your attention span has a threshold of 4 hours, this might not be the best setup for you.
IMHO, I don't even think ALT season has officially begun yet. Although we're definitely seeing signs of it with XLM, RLC, and, or course, my bae, ATOM, we haven't really seen the impending breakout of ETH. I think ETH will be the first largest cap altcoin to breakout, then followed by BCH, and then (as much as it paints me and I'm hesitant to say this...but we have to use historical patterns to predict the future) LTC. XRP will likely be where it is today, if not lower. XRP has has not only proven itself immune to uptrend (see swell hype fail), it operates entirely counter-opposite cryptoconcurrency ethos (i.e., it is an instrument designed, sold, manipulated, and utilized by the BANKS).
Anyway, I'm foreseeing some less-risky opportunities for a 50-100% gain on BCH/BTC. This BTC orphan can move just as fast, if not faster, than her baby daddy. Recent days have shown price fluctuations from 270s - breaking 300s and, relative to the % gains of BTC during her recent quadruple attempt to breakout of BART, the margins are much higher. I've sketched the bar pattern by using the inverse of the drop from earlier this year for illustrative purposes of how these moves could play out over the next 60 days.
Comments and criticism are always welcomed (even from you the Furus).
Cheers.
IMHO, I don't even think ALT season has officially begun yet. Although we're definitely seeing signs of it with XLM, RLC, and, or course, my bae, ATOM, we haven't really seen the impending breakout of ETH. I think ETH will be the first largest cap altcoin to breakout, then followed by BCH, and then (as much as it paints me and I'm hesitant to say this...but we have to use historical patterns to predict the future) LTC. XRP will likely be where it is today, if not lower. XRP has has not only proven itself immune to uptrend (see swell hype fail), it operates entirely counter-opposite cryptoconcurrency ethos (i.e., it is an instrument designed, sold, manipulated, and utilized by the BANKS).
Anyway, I'm foreseeing some less-risky opportunities for a 50-100% gain on BCH/BTC. This BTC orphan can move just as fast, if not faster, than her baby daddy. Recent days have shown price fluctuations from 270s - breaking 300s and, relative to the % gains of BTC during her recent quadruple attempt to breakout of BART, the margins are much higher. I've sketched the bar pattern by using the inverse of the drop from earlier this year for illustrative purposes of how these moves could play out over the next 60 days.
Comments and criticism are always welcomed (even from you the Furus).
Cheers.
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Ignore that random black line above July.