Market

BCH Update – MACD crossed bullish on the weekly! for KRAKEN:BCHUSD by jaydee_757

Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!

People are so focused on the hourly/ daily timeframe that they get emotional on every dip! Take a step back to the weekly/ monthly timeframe and see why I’m so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!

You can’t be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don’t follow the majority, because the majority will lose in the end! Also, don’t buy the hype when everyone is buying.. instead buy the fear when everyone else is selling

Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!

Facts:

1. MACD – When MACD (Blue Line) crossed over the Signal (Orange line), momentum changed bullish and did a 6x!

2. RSI – been bouncing through the trendline for the past 3 years! Still overly oversold on the weekly!!

3. Circulating supply is 18.8 Million and Market cap is at 14 Billion which is highly undervalued!

Buy Target: $677 which Corresponds to the 0.236 Fib

Sell Targets: $4000 – $6500 (Fib Targets shown in the chart)

“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

“The secret to investing/trading is figuring out how rich you want to be and how poor you’re willing to become.”

if you want to live like the 5% of the population who are hugely successful, then don’t act like the 95%!

Most Related Links :
Business News Governmental News Finance News

Source link

Back to top button