TradingView
austinmfcoats
Jan 8, 2018 1:42 PM

BCHUSD: BITCOIN CASH ANALYSIS  

Bitcoin Cash / U.S. dollarBitstamp

Description

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

Comments
arrie1992
Bought at 2150. 24H low on bittrex 2147 lol. Just a few seconds
austinmfcoats
@arrie1992, that’s great, bch recently became one of my favorite alts
More