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.
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possible bullish wedge
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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
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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.