austinmfcoats

BCHUSD: BITCOIN CASH ANALYSIS

BITSTAMP:BCHUSD   Bitcoin Cash / U.S. Dollar
Bitcoin cash has to hold the $2400 level for the trend line to hold. There is a short for bitcoin which may impact bcash, so be cautious.

If bcash can hold up against bitcoin , expect a rally in the next few days or weeks. There is the upcoming change of the address for bch as well as it will be added to a few more exchanges.
Comment: Looks like bch broke the trend line.

Bitcoin cash should find support around the $2200 levels if you want to place buy orders for long trades.
Comment: Bitcoin cash found support, hopefully you bought the dip.
Comment: BCH is consolidating around the $2400 range. Waiting for a breakout in either direction.

Buy orders shall be placed above the $2700 mark, which would be a good sign that the bulls are back. I expect strong resistance at $4000. So sell orders could be set below that.

Long term I expect BCH to push past the ATH to $5,000.
Trade active
Bought at 2150. 24H low on bittrex 2147 lol. Just a few seconds
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austinmfcoats arrie1992
@arrie1992, that’s great, bch recently became one of my favorite alts
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