DrJLT
Long

BCH bullish swing & Coinbase addition

BITSTAMP:BCHUSD   Bitcoin Cash / U.S. Dollar
Coinbase just added full BCH support. We can ask whether

1. The pump is the result of knowing this addition beforehand

or

2. The addition is pushed forward because of this pump

But it makes no difference for us.

I think $3000 & $2800 are good support levels. While the target could be $5k by Christmas if there's no selloff on CB .

We should be alert because some people on CB are hardcore BTC supporters. On the other hand, new comers may buy BCH.
Comment: possible bullish wedge
Comment: initial breakout was weak, but the first time it bounced on the resistance of that wedge it was forceful -> we're just above the first resistance. Time will tell where we land, but the sentiment is bullish (very obvious :)

great pay day for us hodlers
Comment: It's not on the chart but the 5th Wave is still not complete. That's why I think $5k would be a good target. $4666 is the 1.618 extension, btw.
Have you considered the sell off possibility? Since all of coinbase just got released BCH for August 1 fork. Possible profit taking?
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DrJLT farhaanp
@farhaanp, Their trading still isn't live at the moment. That'll probably happen when it goes live, yes. More GDAX than CB
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