Bitcoin cash, cup and handleAfter its mega pump and dump, Bitcoin cash is aiming for a second round. After doubling in a day, it aims to take another 50% increase (or 3x in a few days).
It is a clear cup and handle, with a target at 0.18BTC. However there is strong resistance between 0.14-0.16, where you can sell and buy back in lower before the final target. So if 0.12 is broken with high volume and 0.095 holds for a bit, then we could see a massive pump.
(This chart is a combination of the current 3 biggest exchanges that all accept Bitcoin Cash deposits, Bitfinex, Kraken and Bittrex. Unfortunately the HitBTC chart isn't available on tradingview).
BCCBTC
BCC double bottomAfter this double bottom if BCC break the 0.08 resistance it will go to the 0.09.
0.09 is just the beginning, the first target...
Thank you
Cryptoz
Follow me on Twitter
Watch Bitcoin Cash..A week ago i saw a similar pattern in volume profile at STRBTC
Now i seen it in BCCBTC , this is very interesting.. Is it going back to the moon? I already set an alert, i cant wait to ride the wave of profit :)
Interpretation of BCCPosting this to keep track of being wrong later on.
Large number of fundamentals in place
-mining profitability
-use case
-btc future & segwit2x fork
-access to supply
-total supply
-twitter emotions
-what do you do with your free money
-ABC correction or falling wedge and downwards channel?
-locking in cross exchange arbitrage / or not anymore
While I am only betting small on this - I am bullish BCC/BTC. Happy to complete the idea later with more details
Bitcoin Cash bounce predictions.Just like when ETH forked, ETC got dumped super hard then climbed back up. I expect similar things from BitcoinCash.
