After a long correction and returning to near 62% Fibonacci Retracement
is Bitcoin Cash
headed up. With a lot of events in the upcoming days look for the traditional equity markets to cool off after 2/8/18. With no more alpha in these markets for the short term the money will look to come back into crypto as its primed to end its almost 50 day correction. Bitcoin
will surge and bring all the alt coins up. Don't overlook Bitcoin Cash
. Look for these points of support and resistance
on the way up.
#1 Resistance .17455550
#2 Support .14010030
#3 Resistance .20800000
#4 Support .18899994
#5 Resistance .38809500
Stop Loss .10746834
This is not financial advice just my opinion and how I will be following this trade. Remember to invest only what you can afford to loose. Cryptocurrency is very speculative and may not be for everyone. Trading in a correcting market offers big potential gains but can be very risky.
Patience and good luck.