Bitcoin Cash (BCH) Update
Today we are watching BCH with 1 day sticks. In the beginning of this year we saw BCH playing at about $2500 and just a month later we are taking notes on $1250. The correction has been going on for more than 40 days so we are all hoping that's it's over.
The Bitcoin Cash Prize currently consolidates over $ 1,270 against the US Dollar. BCH / USD must break a few key opposites such as $ 1,600 to trade further higher.
BCH has had some good momentum today with a 200 point pop. its spent the last 2 days consolidating in a nice range. we are starting to break range which also could take us over resistance on the daily charts for a run to 2k in the next month or so
It has been so nice to watch the market start to flatten out as a whole and get those little gains. It is really starting to feel like the worst is behind us and that we can look to a brighter 2018 ahead. It has been quite the circus ride and one that we will all look back at and say "Wow, do you remember that run? Remember all those fools who ran away from the market?" Great job all those who have stayed strong.
The cleansing of the weak hands as a lot of people call it, hopefully this reduces volatility going forward as people don’t mass panic sell at the first bit of FUD.
The last month has really felt like a sustained campaign of misleading news (about various countries banning crypto entirely). It’s been draining but fascinating to see this kind of bear cycle.
Anyway bring on the bulls!
Good job @tradewonk Thank you. I think all of cryptocurrencies started up new uptrend. I hope we will go to on the moon :))
Yes, that would be great.
Yeah it finally looks like we hit the bottom of this correction a few days ago. Bad press, news and spreaded rumors seem to decrease too after this media-massacre over the last couple of weeks. Lets hope it really is over.
Agree
thanks for information on bitcoin crytocurrency it is helpful information to us.
My pleasure
Looks like everything crypto took a big dip in the late January cum early febuary, BCH well may just be the best coin I may monitor too for prospective investment , but first I have to take two weeks to monitor the slopes and all
Nice for your information post... @tradewonk
In crypto we believed, there are many news against crypto which bring worse down lately..but as I hope everything is getting fine .... I want to believe it will grow up back... and bitcoin cash I hope it will grow and recover quickly. .. thx for share.
Congratulation And Nice Work
waooo this looks really goos finally market starts walk on positive side and hope so it will again touch its higest point after the korean and japanies lunar year :)
Brother keep sharing this kind of good post
God bkess u and keep smiling nice to see u again good post :)
anyone else just associate BCC with roger ver, honestly just taints them
@tradewonk
do you think we will face much resistance at the 61% on the fibonacci retracement around the $1600 mark or do you think like your predicting we will break through that easily and go up tossup $2000 and the 50% level? since on the way down it showed some good support at 61%