I've been watching BCH since the end of January, noting it had just peaked above a long standing resistance and was oversold on the weekly chart so looked like it was due another big move to the upside.
Saw some interesting patterns developing on the logarythmic chart and thought I'd share to see what everyone else thought.
1: Clearly in a parabolic cycle - will we see this continue this week going +$1000 or drop to a larger correction.
2: Swing trades happening very repetitively on the 4hr RSI - almost exactly every three days the corrections get gobbled up by buyers.
3: consistent gains of circa 20% followed by circa 10% downs -
4: the last push through the resistance line had an up of 40% followed by roughly 20% down - pretty much exactly doubling all the previous moves.does this signal some bigger move imminent?
5: it's now oversold on the daily chart
6: 2 large cycles both doubling in circa 17 days.
Saw some interesting patterns developing on the logarythmic chart and thought I'd share to see what everyone else thought.
1: Clearly in a parabolic cycle - will we see this continue this week going +$1000 or drop to a larger correction.
2: Swing trades happening very repetitively on the 4hr RSI - almost exactly every three days the corrections get gobbled up by buyers.
3: consistent gains of circa 20% followed by circa 10% downs -
4: the last push through the resistance line had an up of 40% followed by roughly 20% down - pretty much exactly doubling all the previous moves.does this signal some bigger move imminent?
5: it's now oversold on the daily chart
6: 2 large cycles both doubling in circa 17 days.