vthokiee97
Long

BCC Bitcoin Cash Possible 200% run up if market settles?

BITTREX:BCCBTC   Bitcoin Cash / Bitcoin
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.

Entry .13050000

#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.
Kommentar: https://www.newsbtc.com/2018/02/07/bitcoin-cash-price-technical-analysis-bch-usd-recovers-900/
Bitcoin Cash Price Technical Analysis – BCH/USD Recovers Above $900
Kommentar: Bitcoin cash making nice moves today. Watch for resistance at .17500000
Nice analysis. Why not out the stoploss below the fib retracement instead of in front?
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vthokiee97 CyborgDroid
@CyborgDroid, I felt that if it fell below the support point lying around the fib it may crash down to .090 fairly quickly which would be a fairly good haircut for most. Trying to be a bit conservative while this correction has still not fully turned around even though there are some positive signs. Thanks again for your compliment.
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