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DrJLT
13. Mai 2018 13:57

BCH guess for the next two weeks Short

Beschreibung

As charted

Fork dump to commence soon, probably absorbs much of the drop

When everyone is expecting new lows & 2.618 extension, another pump may come.

Below 1k volatility may increase

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getting ready to short soon

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resistance

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will it pump or dump, nothing?

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nothing happened, just a small jump that killed my stop (moved below entry just in case there was going to be a fork pump)

I guess BCH is waiting for BTC to crash. Hope it goes to 1500 first so we get a good entry

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close under wedge?

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if H&S confirmed, we have two targets, the first one coincides with my previous target for wave 3 (880 - 900)

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will we close below the neckline?

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needed to reset a temp oversold condition I guess:

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phaking 1000 bch buy spoofing wall misled me to think it would bounce to 1350 & touch the resistance before going down

then, wall taken down (presumably after they've sold)

still, there's quite some support for btc at 50D

I guess it has to be overnight around 2 am UTC that the breakdown finally occurs

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another bull trap?

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today or tomorrow?

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retested the neckline & failed

now going to the target

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mblaskoo
dont think so, if BTC will go up, BCH will go up as well
Hubris
Looks like the hard fork has been priced in a while ago, when longs realise there are no more takers we revert to the mean quite shortly.

Thanks for sharing the TA.
Doc-al-Citadel
@Hubris, remember the pump came after the hard fork last yr tho boss just sayin' the good dr may be right of course
Hubris
@qdoc, I'm with u, just playing two games in my head as always. Last year we got lots of shiny new coins... this year, not so much, I'm open to all suggestions, always..
Doc-al-Citadel
@Hubris, Yeah me too. None of us know of course. No other play i can think of making. I think below 1200 and the moon shot can't happen. No coins on last years bch fork either was purely technical.
Hubris
@qdoc, BCH has been big on pump n dump, people are perhaps a bit weary this time round, maybe...what do I know, I'm just an old fart! Last time I got lots of coins as I was holding lots of BTC at the time, prolly when it was created, sorry which is what I mean by 'new coins'. I think I missed a 'fork' in the past year as I used to have a life before TV! I do however think it is better than BTC and will eventually close the gap...maybe more rapidly than most would like. Anyway lets see how this rolls...
Doc-al-Citadel
@Hubris, yep all good mate, c what happens ;-) i'm all in unless we lose 1200
DrJLT
@Hubris, I think it's good long-term. also with the new update, fantastic

however, I'm counting on it to crash with bitcoin this week. not necessarily going to happen, though

I hope 60% of my predictions are right. can't say more
Hubris
@DrJLT, Thanks for the insight.... I'm inclined to think the same regarding it going down a bit with BTC, maybe a panic sell off... I've been with BTC since $10 and have lost interest with core and the fact it has gone nowhere with real world usability. Long term I'm on it all the way, but feel the need for timing.....anyway, thanks again for your input, appreciated...
DrJLT
@Hubris, wish I bought at $100 :D
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