BCH under correction

11 thg 5, 2018

Weekly chart is reversing bearishly. So, we need to expect the bullish momentum to slow down moving forward.
The long, beautiful rise to 1800 was one of the strongest among high market cap coins. So, it needs to retrace to gain a healthy bullish momentum moving forward.

See the chart below for a better view...

11 thg 5, 2018

Ghi chú

bullish count. possible that ABC wave is completed. Not yet sure. we need to see a reversal from here

11 thg 5, 2018

Ghi chú

modifying the pitchfork to original from modified. we have bounced perfectly

11 thg 5, 2018

Ghi chú

just look at that volume!!!! it's up to you how you would interpret that. to me, it's a whole bunch of buyers waiting in that area