BITSTAMP:BCHUSD   Bitcoin Cash / U.S. Dollar
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BCH arrives at the end of its consolidation, we can see a small or a huge run :
- If volumes are sufficient and BTC not moon we can see a huge run to 4300$ or 5000$
- If we don't have enough volumes to break the 3000$ resistance, it will continue to consolidate to prepare the next run (see BCH pattern below).

BCH has always the same pattern :
- A huge run
- A huge consolidation phase with a bottom = the top of the previous run

You can BUY at the bottom of the consolidation (between 2500-2700$) and use a stop loss in case of the BTC comes out (near the red support line).
You can place a take profit on the first TARGET at 3000$ or HOLD for the next TARGET at 3700$ and 4300$ that will be reach soon.

This is just an idea, not a trading advice.

BCH : 1NagVyeeqSq3pitd21A1ZBmzaCFgGV14Nn
Thanks for your comments ;)
Trade active
Comment: Enter to the buy zone
Comment: A longest idea
Comment: Break the dotted blue resistance line, we will probably don't see BCH in the BUY ZONE soon.
Comment: The breakout confirmation to 3000$ is the 2800$ resistance line.
Comment: Re-enter the buying zone
Comment: Failed to use the brown support line, it will return the the red and test to break the orange and the doted blue to breakout.
Comment: At the bottom of the buy zone.
More swings between support and resistant. It'll break out soon, wondering when
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good chart, but LOL at profit taking in the 4k. Sell 4k only if you hate wealth
+1 Reply
Herklos mobitz
@mobitz, Hi if you read the description of the idea i wrote : "take profit at 3000$" or "hold to 3700$ or 4000$" on the next run soon. So please read the description before comment.
If you want an explanation of this long take profit please see this idea :
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Herklos Herklos
@Herklos, Sorry this idea
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100% agree. Same chart as yours.
Bought in at 24xx 8 hrs ago, and I'm already at 10% ROI.... see y'all in the 3000's
+2 Reply
Herklos EtherSwinger
@EtherSwinger, Exactly, thank you ;)
+2 Reply
Im following this one. ! I
+1 Reply
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