Long
Bitcoin Cash, a sleeping time bomb
I have been monitoring this for a while, and I noticed it went completely off the radar, simply because people lost interest in it.
However, knowing the history of the coin, and the team behind it, it still has a lot of backing.
As we can see on the chart, it has been consolidating for a while, and it's not dropping below the fib target for a very long time, which indicated that holders are superior to the sellers right now. Indicators are showing very low volume and an oversold BitcoinCash.
For my fibonacci targets, I didn't take into consideration the huge peak at the top, because I know it was artificially made by Roger Ver's 50000 bitcoin buy.
This is, in my opinion a great buy. I'm going to wait for a small bullish sign ( a sign of an uptrend), then I get in. But I believe this trade is very low risk and high reward.
However, knowing the history of the coin, and the team behind it, it still has a lot of backing.
As we can see on the chart, it has been consolidating for a while, and it's not dropping below the fib target for a very long time, which indicated that holders are superior to the sellers right now. Indicators are showing very low volume and an oversold BitcoinCash.
For my fibonacci targets, I didn't take into consideration the huge peak at the top, because I know it was artificially made by Roger Ver's 50000 bitcoin buy.
This is, in my opinion a great buy. I'm going to wait for a small bullish sign ( a sign of an uptrend), then I get in. But I believe this trade is very low risk and high reward.
Note
I still think it's a good trade. Roger Ver is not going to let that one dropNote
TOLD YOU!Too good for this
Note
Sell at 0.168 fib target
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.