UPCOMING BITCOIN CASH HARD FORK

The upcoming hard fork of Bitcoin Cash is all hype! That's right! H-Y-P-E! And here's why. You see this chart below? That's the chart of BCH/USD Tradingview.

Now, let me stop right here and say, "This is not trading advise. This is only my opinion. Any and all language necessary to divest myself of any and all future financial liabilities you may incur should you choose to act solely on this article is hereby invoked. Needless to say, Do your own research and for goodness sake study, study, study, and then get yourself some professional advice before executing a trade".

Whew! since I have that out of my system let's move on. This chart below is a daily chart. The trend line begins its journey on August 6th of last year at $190.10. It continues on through the lows of that October. It travels way under the market until April 6th of this year when our trendline came close to the elusive price bar that had march upward beginning on October 25, 2017. However, the union wasn't meant to be. Price zoomed up for exactly 30 days. on that day price danced ever so slowly until June 28. On that day, there would begin a 36 day enchantment of price and trendline. The place where human psyche met resistance until finally on that 37th day resistance gave in and price dipped below the trendline.

On that Summer day in August when price broke below the trendline sellers won over buyers and price has dropped to as low as $407. BCH has hit around that and $410 a total of about 3 times which would lead some to believe a "triple bottom" has occurred and this may be true. I, on the other hand, believe any price rise will not lead to any meteroric rise. The trend line mentioned above is now approximately $302.00 above the market price which leads me in the direction of heh maybe a rise to the line but ultimately a price collapse at that point.