BCCUSD [Bitcoin Cash] 50% up and bears still under control ?
Everyone and his dog talking about 50% up on Bitcoin Cash based on speculation related to the upcoming fork…
Great but if you are not long from 500 USD or below and you are trying to chase the price here it may end up badly ( simply it might be you turning the light off ;) )
Based on that chart we are in consolidation phase at best ( from beging of September ) between 400 and 650 USD.
Only move and close above 700USD may open the way towards 900 USD.
Any kind of dissapintment here may bring new wave of sell off towards bottom of the consolidation and daily close ( twice in a row ) below 400 USD may open the way towards ….. 150 USD.
Great but if you are not long from 500 USD or below and you are trying to chase the price here it may end up badly ( simply it might be you turning the light off ;) )
Based on that chart we are in consolidation phase at best ( from beging of September ) between 400 and 650 USD.
Only move and close above 700USD may open the way towards 900 USD.
Any kind of dissapintment here may bring new wave of sell off towards bottom of the consolidation and daily close ( twice in a row ) below 400 USD may open the way towards ….. 150 USD.
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