On the 2 Hour chart we can see good support here and an opportunity for a good rally up to the 1400 area. Still too soon to stage a reversal in my opinion but a better chance will be on the 900 line as this is the previous wave high point last August. So either way the volatility creates some good plays, potentially 300 - 400. Lets see if the buyers will return here and defend this crucial point.
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I mean it could go up $300 to 1300 - 1400 range potentially if buyers are defending heavily. Fully loaded... lol
The Asian market buys BCH like Pokémon cards at night. I think they will buy it back upwards of close to possibly 1200. I could be wrong though. I sense another pump possibly this weekend. There are too many big players on BCH side, people are waking up to what’s going on within BTC.
graham.edwards84
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@Krypt0sh1, it certainly does seem to be the choice coin out there for most
DVemer
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It seems the fundamentals of Bitcoin Cash are strong & sustainable, this is a digital coin I can actually use, and it is able to scale on-chain as it's use-case expands; the way Satoshi envisioned. Whether that is enough to send BCH rising up out of the mist of misinformation and politics the Bitcoin market currently finds itself in is the gamble. I have placed my bet; I'm in for the long haul from the 300's and just hodl'ing & adding whenever I am able.
Here's a fresh article on Bitcoin Cash I just read that fills in some of the gaps for me....
although the 1000 support line is very strong, I am still under a very big pressure to fully loaded bch. wawawawa...
zhuoyikang
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i think bch may go back to 2000, not now ,but in future, and 1000 is the lowest price you can get in the later 1 year.
CryptoCyberpunk
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300 400 ? What do u expect this to go back to that level lol ? :D Maybe 800 900 but dont u think 300 400 is a bit much ?
graham.edwards84
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@MiljanMarkovic, no I'm saying up $300 to 1300 or down 400 to 900. So whichever you think. you could short or go long here. but I would place a small buy on a long here and watch closely
ixflo12341
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@graham.edwards84, if look at the past, there gonna be a small bounce... then long time consolidation..
CryptoCyberpunk
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@graham.edwards84, Oh yes sorry ! Well i cant do anything lol cause i am still holding my position on 1650 that is far far away i will have to hold for a few weeks before i can get out :)
graham.edwards84
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@MiljanMarkovic, The positive news is that the third wave is ahead of us