BCH before fork Long

Bitcoin Cash / U.S. dollarBitstamp

Description

⋅ Dec 28, 2017 10:51 AM

BCH is accumulating and following BTC down trend but I think that the hard fork of 2th of January will create a very bullish trend for BCH.

I can also break the support line (near the stop loss signal) and offer a good buy opportunity around the Buy Zone.

STOP LOSS : 2200$
Buy Zone : 1900-1700$

TARGET 1 : 3000$
TARGET 2 : 3200$
TARGET 3 : 3700$
TARGET 4 : 4300$
TARGET 5 : 5100$
TARGET 6 : MOOON

This is just an idea, not a trading advice.

Trade active

⋅ Dec 28, 2017 10:51 AM

Comment

⋅ Dec 28, 2017 3:19 PM

Bounce on the 2200$ resistance line

Comment

⋅ Dec 28, 2017 3:28 PM

A new trend channel :

Comment

⋅ Dec 28, 2017 11:14 PM

This is a BTC hard fork named BitcoinCash plus, it's not a BCH hard fork but can hardly affect BCH. In fact, this new coin will provide common features with BCH and some improvements.

We can see 2 consequences for this new coin arrival :
- The BitcoinCash plus is mass adopted and the Bcash is abandoned. Because the features are really better and are a real improvement of the current Bcash. (less likely)

- This new coin has not effect, and the Bcash continue to consolidate. It can also highlight current BCH features and produce a new bullish trend line for the BCH.

Trade active

⋅ Dec 29, 2017 5:29 PM

Breakout : enter the new trend line, I'll update with another post

Trade closed manually

⋅ Dec 29, 2017 5:29 PM

Comment

⋅ Dec 29, 2017 5:55 PM

Trend Analysis

Comments

EtherSwinger

⋅ Jan 6, 2018 4:52 PM

When is the fork? It say 1/2 but the countdown from the site seems to be for 1/9 or 1/10

Herklos

⋅ Jan 6, 2018 5:07 PM

@EtherSwinger, It was a fork of BTC and it was/is a scam.

Slippy77

⋅ Dec 28, 2017 11:19 PM

BCH is not forking

Slippy77

⋅ Dec 28, 2017 11:22 PM

Sorry, I didn't see you already corrected your post at the bottom.

MarkusJanssen

⋅ Dec 28, 2017 9:33 PM

Hi. I would just like to correct this post. Bitcoin Cash Plus is forking of BTC, not BCH! Please be advised and update your post.

tarunrao

⋅ Dec 28, 2017 5:08 PM

Thanks. is BCH forking in Jan??

Herklos

⋅ Dec 28, 2017 6:15 PM

@tarunrao, Yes, you can have more informations here : bitcoincashplus.org/

thedarklord369

⋅ Dec 28, 2017 2:12 PM

Thanks for the TA. I personally don't think we will dip below the $2200-$2400 range. January will probably be a good month. I am holding until it reaches my target of 8k.

Herklos

⋅ Dec 28, 2017 2:52 PM

@thedarklord369, Hi, I also think (hope) that it won't dip below 2200$ and hold my BCH until January fork. But I don't think it will go over 6000$ (just use agressive stop loss over 5000$) .