BCH cup and handle
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The cup and handle is a pretty typical formation after a pump and dump/hype and crash situation.
As we have seen BCH has a steady ground on the 800 mark, and now it's reversing the trajectory.
Conversely BTC is dropping at the moment probably for a long overdue consolidation or a short to 6.5k.
If BTC is really correcting then for certain BCH will reach 3k or more. If it shorts to 6.5k then BCH will form a cup and handle around 1.4-1.6k mark.
Keep an eye out for both charts.
As we have seen BCH has a steady ground on the 800 mark, and now it's reversing the trajectory.
Conversely BTC is dropping at the moment probably for a long overdue consolidation or a short to 6.5k.
If BTC is really correcting then for certain BCH will reach 3k or more. If it shorts to 6.5k then BCH will form a cup and handle around 1.4-1.6k mark.
Keep an eye out for both charts.
Ghi chú
BTC is looking REALLY BEARISH. It may drop to 7.2k (BCH target 1400) and bounce before shorting to 6.5k (BCH target 1600). Otherwise 3k!
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