BCH and BTC support areas indicated

On the left chart is BCHUSD and shows a buy target area red circle and the blue trend line must hold for a bullish continuation (approximation) my trend line could be off a few degrees...

On the right chart shows BTCUSD and sorry guys I missed anticipating the third wave rally yesterday and I should have seen that coming as it's always three waves as we know right? So the red circle on the black trend line indicates a bullish continuation and must hold or there will be more downside action and it will steepen.

Have a great day in the coin markets!

Kommentar:

BCH can have a decent rally here. Maybe +-612 range. But my thoughts are that we have one more wave to the downside.

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Yes this could be a bullish reversal. Lets see what the low looks like and where it will find support. Sellers are coming in now.

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yes this looks like a good reversal and we can look for the best entry here. Don't wait too long

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We always must be prepared to change our outlook and not be so convicted of our opinions to miss out on a great rally. It's a game of percentage calls, no one can ever fully predict the moves and price action. We use the tools we have to make the best informed decision. I would rather leave money on the table and be in on a great rally than to stubbornly watch the rally from the sidelines while missing out...

Kommentar:

notes if you click on the chart

www.tradingview.com/chart/V940Hju6/

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I don't think the pricing will get too much better than 615

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that was wrong... hope you guys are getting better pricing than I did.. I should always wait to see where it lands first before taking a position... classic newbie mistake...

Kommentar:

looks like a landing has occurred. click on the chart for details