BCHXBT
BCHUSDWatch for a replay of events.
Looks like highly likely to bounce off fib retracement levels the arrows point to.
Low Risk: High Reward
Set Stop Losses 5-10% under
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).
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
BCH: Top spotted - Public serviceYou can all thank me later...
As soon as 20 blocks are mined, and people's deposits credit at Via BTC and other exchanges allow deposits this house of cards will melt down...at the same time boosting BTC.
Please sell all for BTC now.
