BCHUSD 1h: What comes next? Two szenarios: 520 or 230 USD?

8 août 2017

As you see in the last chart (BCHUSD-15-Until-8-8-240-USD-than-2-ways-poss-65-or-440-USD/), Cryptos are "Fibo business" (Fibo Areas). Now we are in an new phase with BCH. The steam is out, but Fibo is still important. We need to interpret fibo in a different way. So i see two possible szenarios: more up to 520 USD or down to 230 USD further down. Currently I see, that the down trend line could be stronger. In addition, we are in a decision triangle.

Let's see what happens. Happy trading. :-)

See also:

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8 août 2017

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something went wrong with this chart. i hope you can see it correct. i will not post it ones more.

8 août 2017

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support is going to be retested. more down still possible. if support is stong enough, the up trend line could work.

9 août 2017

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Unclear situation. careful. BCH has broken the decision triangle with a sideways movement. No clear statement possible. Maybe more down.

9 août 2017

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now we are in an analyzable and reasonable timeframe: 4h. ;-) sideways with a down trend ...

10 août 2017

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same, same today ... sideways with a down trend ...

10 août 2017

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along the line down.

11 août 2017

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there could arise a desision triangle

11 août 2017

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here we are. trend line worked. be watchful. 350 strong restistance.

12 août 2017

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could be double top.