Crypto Analysis Report 5-9-18 Bitcoin Cash Hit My 1st Target At $1650, Next Target Is $2600 by rollandthomas

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· @rollandthomas ·
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Crypto Analysis Report 5-9-18 Bitcoin Cash Hit My 1st Target At $1650, Next Target Is $2600
<center>![Avatar Trade2.JPG](https://steemitimages.com/DQmdYS9kddtwL5FdPXagGGEyvphp6Tjki6kag7Z5iPUvMWZ/Avatar%20Trade2.JPG)</center>

I talked about Bitcoin Cash last on 4/18,

<center>[Crypto Analysis Report 4-19-18 Bitcoin Cash Found Buyers At $600...Intro To The Curve]( https://steemit.com/bitcoin/@rollandthomas/crypto-analysis-report-3-24-18-bitcoin-cash-found-buyers-at-usd600-intro-to-the-curve)</center>

In that post I stated, Bitcoin Cash was bought by buyers when price hit the daily demand zone at $600  demand zone which was a low risk, high reward trade set-up for multiple reasons.  I also talked about the sellers at $1000 and $1300 level, but those levels were in the middle of the curve (range) and my target 1 was $1650. 

![](https://steemitimages.com/DQmPGfLJiwtP9whzxdWeur1bfSmfw9uMg1GavPxGaQyrghx/image.png)

Well price hit $1650 a couple of days ago, NOW WHAT??? 

 Price loves to travel from one extreme to the next extreme.  In this case, price went from $2800 back in Jan, to $600 in May and is making its way back up.  So if $400 represent low on the curve and $2800 represents high on the curve, Iโ€™m anticipating price will continue to move up to my next target at $2600.

 ![](https://steemitimages.com/DQme63E5AcCDm2sVyNaBk1AV53qHHATNa5gPeAy5NH7p63u/image.png)

Prior to the buyers taking out the sellers at $1650, the buyers stepped in at $1500 and were able to overtake the sellers at the $1650 level.  In the process, the buyers formed a new demand level at $1500.  So the trade set-up is when price comes back down to $1500, itโ€™s an opportunity to buy long with a target at $2600.  The trade is wrong if price breaches the $1400 level.

NOTE: the trade was triggered last night.  If this level is going to hold, it must take out the recent high of $1844.

![](https://steemitimages.com/DQmQ2vYVmduqMFJxReiwo58zoHDZaHSkzKVuqtGWymtA6y4/image.png)

 If you missed the trade set-up, wait for the breach the $1844, level, then buy on the pull back.

 ![](https://steemitimages.com/DQmd6urU1H4swEZmTNJA4V7zzmR9iu3kThCj194RCyjXJtQ/image.png)

This post is my personal opinion. Iโ€™m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

![upvote banner3.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/upvote%20banner3.gif)
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@toni.crypto ·
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let's vote together @zuhrafriska
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