Will the bitcoin CASH Run Continue?

BCC has been on a good run over the past day. There have been a number of consolidation triangles that formed along the way that made for some good entry points. After running up to the 0.2 BTC level, it's taken a breather. It's formed a triangle pattern and could head back up to complete a double top or head past to around the 0.22 level. BTC's movement is obviously affecting BCC, but the patterns/indicators work just the same. The triangle doesn't give an indication of which way it will move, but if it moves up we can be set up to jump in for the ride. The 0.2 level will likely provide resistance and potentially stop the upward movement, so taking some profits at that location could be a consideration. If it breaks down past the 618 FIB it will hit the trend line just below it. I expect quick movements either way, so if you trade it, have your buys and stops set-up quickly.
...but what do I know, I'm just a space suit engineer, not a trader.
Good luck!

Anulowano zlecenie:

Pattern breakout failed to produce movement. Wait for new pattern.

Komentarz:

Last pattern failed to produce anything. Now a falling wedge has formed on the uptrend, which should signify upward movement. Again, buys should be placed high enough to avoid fake-outs...there's a lot of jumping/battling taking place.
...but what do I know, I'm a space suit engineer, not a trader.
Good luck!

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Target reached...and then some! Hope some folks cashed in. I'll publish a new idea if a pattern develops.