BCH long term opportunity

1 Oca 2018

BCH will continue to consolidate if BTC does not crash totally. BCH can also enter a new run to 4300$ if it breaks the blue resistance line.
BCH had some good news last week (stockemperor.com/currencies/bitcoin-cash-darknet-marketplace/ and a payment acceptation).
BCH has always the same pattern :
- A huge run
- A huge consolidation phase with a bottom = the top of the previous run

Here we can see that BCH can consolidate to this value to prepare a new huge run to the moon.
I think that the current value of the BCH is a good opportunity for a long term hold before the next run.

1 Oca 2018

İşlem aktif

2 Oca 2018

Not

Test resistance

3 Oca 2018

Not

Stopped by the <b>blue</b> resistance line. BCH will retest it soon

6 Oca 2018

Not

Need to go over the red resistance, if not use stop loss

6 Oca 2018

Not

It breaks the two resistance / 2 Options are available :
- Accumulation between 2500-3000$ to prepare the next run
- It breaks the next resistance at 3000$ and we can see the next TARGET at 3700$ or the objective of 4300$

6 Oca 2018

Not

See the update of this idea here :

10 Oca 2018

İşlem elle kapatılmış

Broke the support line see update above