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OneManTrading
Nov 23, 2017 12:20 AM

BCH Moving Upward 

Bitcoin Cash / U. S. DollarKraken

描述

BCH bounced from $855 twice, consolidated around the $1200 mark and now broke upward to $1333. It appears to be forming a wedge upward. Some have said it could go as high as the $1800 region. May depend on BTC as well. BTC has been moving in the lower 8K range after its push upward. If BTC moves down a bit this could help BCH.

Support around $1280.

NOTE: As per past experience this can move very fast. I rode it up to around $558 from $305 and made good. So be careful.
评论
OneManTrading
As a balanced comparison take a look at the BTC chart. It's winding up for a move apparently and with the futures due out in Dec. this could move strong upward or perhaps lower so take it all in. Whatever the case BCH appears to be in a solid position and can jump like lightning. When trading cryptos the picture isn't always perfectly clear... especially with BCH and BTC running back and forth.

OneManTrading
I sold my position at $1469. Made good but went a lot higher. Missed more of the train but I did fine. If I stay in to the top I can get real piggish and get slaughtered. Also BCH can go so fast that it can psyche traders out. Closed until some other time.
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