If you follow the daily chart closely, you can clearly see that BCH will climb to 1100-1200 area at first. For this to happen bitcoin needs to go sideways for a day or two allow alts to breathe.This is likely scenario for bulls for doubling profit. RSI and MCAD indicators also indicating bullish divergence.Probability is high but If Bitcoin take a huge dive this plan might fail but very unlikely.
Good luck traders!
Good luck traders!
Comment:
Well bitcoin did take a huge dive but recovered back fast. Will possibly jump up 8500-8700 range in few days. If it does go up to that level and stay there, BCH and few other strong alts will charge. Previous targets still in range. I did personally open BCH position at @812. I will sit on it for a while.
Comment:
Alt coins purposely kept at lower values so whales can jump on it as soon as they take some profit from BTC. Don't be fooled by current volumes. All tactical mental games.