The ELITES will win this game and they are causing fear in the market so they can buy cheaper. DO NOT LET THEM WIN THIS TIME! Facts are in the charts!
PLEASE LET ME KNOW WHAT YOU THINK OF THE ANALYSIS.
Still in a bearish trend until confirmation of the Bullish Stochastic RSI Cross on the weekly!
BULLISH FACT: 1. BITCOIN CASH BEEN CREATING HIGH HIGHS AND HIGHER LOWS SINCE JULY OF 2020! 2. RSI HASN'T BEEN THIS OVERSOLD SINCE NOVEMBER 2020! 3. STOCH RSI LOOKS TO HAVE A STOCH RSI BULLISH WEEKLY CROSS IN THE COMING WEEKS! EVERYTIME WE HAVE A STOCH CROSS ON THE WEEKLY, BCH INCREASED BETWEEN 0.6X - 2.7X!! 4. INVEST IN CRYPTOCURRENCIES THAT BIG INSTITUTIONS ARE INVESTING IN (SUCH AS GRAYSCALE)
Buy targets: Target 1: $535 (Corresponds to the 1.618 Fib) Target 2: $408 (Corresponds to the 1 Fib)
Sell Targets: TARGET 1: $1742 (CORRESPONDS TO THE 3.618 TARGET 2: $2016 (CORRESPONDS TO THE 4.236) TARGET 3: $4000+
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
I have been living in denial too for a little bit, but can anyone tell me how we are still in a bull cycle after most alts dumped more than 75% from the top? That's not what you can call a healthy crypto correction. I know, it's a volatile market and 30-40-50% correction have happened before. But 75%+ without any signs of a bounce, that's not positive.
There is 0 bullish sentiment and it will take a long time for that to recover. Late retail buyers have been massacred and will not buy again during this cycle. Who will push price after these significant drops? There is no one left.
The volumes are shitty and no one wants to buy into a bearish hodl bag.
I admit that this run feels too short to be true, but just because everybody is so convinced of the onchain data and the historical charts that the cycle must continue for several more months, is a valid reason that is will simply not happen.
Institutions eat you alive with no mercy if you are not careful.
goldengramz86
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Bro, BCH is gonna do whatever BTC does. Not much of a target when it's only $10 more than price when you posted.
There is 0 bullish sentiment and it will take a long time for that to recover. Late retail buyers have been massacred and will not buy again during this cycle. Who will push price after these significant drops? There is no one left.
The volumes are shitty and no one wants to buy into a bearish hodl bag.
I admit that this run feels too short to be true, but just because everybody is so convinced of the onchain data and the historical charts that the cycle must continue for several more months, is a valid reason that is will simply not happen.
Institutions eat you alive with no mercy if you are not careful.