BCH long term opportunity

BITSTAMP:BCHUSD   Bitcoin Cash / U.S. Dollar
911 8
BCH will continue to consolidate if BTC does not crash totally. BCH can also enter a new run to 4300$ if it breaks the blue resistance line.
BCH had some good news last week (http://stockemperor.com/currencies/bitco... and a payment acceptation).
BCH has always the same pattern :
- A huge run
- A huge consolidation phase with a bottom = the top of the previous run

Here we can see that BCH can consolidate to this value to prepare a new huge run to the moon.
I think that the current value of the BCH is a good opportunity for a long term hold before the next run.
Trade active
Comment: Test resistance
Comment: Stopped by the blue resistance line. BCH will retest it soon
Comment: Need to go over the red resistance, if not use stop loss
Comment: It breaks the two resistance / 2 Options are available :
- Accumulation between 2500-3000$ to prepare the next run
- It breaks the next resistance at 3000$ and we can see the next TARGET at 3700$ or the objective of 4300$
Comment: See the update of this idea here :
Trade closed manually: Broke the support line see update above
Fully agree!!!
Why don't you continue to update idea?
Herklos soibat
@soibat, I did 2 hours before your comment and 9 min ago
soibat Herklos
@Herklos, thanks
Me too... Looking for a breakout.
I really think so :)
+1 Reply
I really dont think so
Herklos afaruki
@afaruki, Can you explain ?
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