Hi traders, as you can see Bitcoin Cash is steadily correcting. There is an important support it needs to keep ($1000) any close under this price, we will be heading to a major correction to around $600. In my previous analysis, I have mentioned that the market makers had to distribute more of their coins. Therefore, this was the reason why the prices moved to our target of $1550 where we saw strong selling and high volumes. Let see how price will evolve in the next few days. Good luck! - Abdulla
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Nice breakout from the trend.
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$1000 broken!
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The price is not reacting much to the support zone. Bearish trend seems want to continue without any correction.
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Bitcoin Cash is heading to create a lower high before it continuities its bearish trend.
BTC reaching $5250 level and then exhausting up also triggered up BCH. In my opinion, if the co-relation still exists and we move into a wave C of correction for BTC, chances of BCH to complete wave 5 increases that can take us higher than wave 4 ($2799). What do you think?
CryptoCyberpunk
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@axdimensions, True. Everybody is exepcint wave C correction of BTC to 5k then we move up in BCH .
loungevs
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It's not going down, it's going up!
kenzboard
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chart looks similar to bitcoin's in nov 2015
Altcoinsmart
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i thought it was going up , no? bch isnt bitcoin ?
abdullatrader
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@Altcoinsmart, I'm guessing your referring to my previous idea. I have posted an idea few days ago for Bitcoin Cash with a short term target of $1550.
Press play. Target reached :)
poorandstandard
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i love the snap you added. great analysis. the problem with bch is thats it is highly manipulated. roger ver, kim dotcom and many others try to push this coin hard. I got burned af shorting it over night.there are great gains to made, if you understand the game tho. could you go a little into explaining your recently added snap?
MR.Omar
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salam 3likom
any information Trending bitcoin Gold
I bought 3BTC
loss 30%
:(
help