PermaB

Bitcoin Cash About To Fly

BITFINEX:BCHUSD   None
Bitcoin Cash looks very strong again since his last run.
One reason for this could be the upcoming fork on May 15th.
Once the correction is over, the fun can begin. It's very likely that Bitcoin Cash will have another sharp down move before it starts.
And you know the potential of what Bitcoin Cash has as soon as it shows a sign of strength. Roger Ver will do a lot to make the coin fly like the last few times.
Also, it is likely that we will see a new all time high. You can find the first targets on the chart above.
Comment: ''It's very likely that Bitcoin Cash -6.30% will have another sharp down move before it starts.''.

Here an overview for BTCBCH:
You can also wait for clear confirmation like waiting until it breaks the top. Let's see.

Comments

@ic0n, what's your strategy for taking profit? Do you take everything at each target then reinvest with a new stoploss? Or do you take like 1/3rd per target?
+2 Reply
PermaB RoadTo23Million
@RoadTo23Million,

It always depends on how strong the coin is. Bitcoin Cash, for example, sometimes passes through all resistance without any problems. I would recommend to take at least 10-20% profit on each target and always rmove the stop loss.
+2 Reply
@ic0n, What would you suggest moving the stop loss to once you have taken some profits? Cheers SS
Reply
What will a fork do to the value Bitcoin Cash?
+2 Reply
PermaB adams025
@adams025,

It will generate big hype :-)
+2 Reply
adams025 PermaB
@ic0n, ok thanks that helps
+2 Reply
Doubt the fork will rocket BCH to 3k. This isn't a new coin (free money) fork. This is just an internal fork
Reply
PermaB Comp_Sci
@Comp_Sci,

I do not just rely on the news. When Bitcoin Cash was below 0.1 BTC, I saw that it has potential to hit 0.5 BTC. Before that, I did not even know that there would be news.

Here what I saw before (BTCBCH):
+1 Reply
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