Bitcoin Cash break out
After Poloniex credited BCC / BCH to its users and nothing major happened, the market is now ready for some movement. The fear of Bitcoin Cash going down in price after another large exchange lists it is seen as the reason why it was in a rather long consolidation phase. The chart shows that the price has remained withing a certain range and is now reaching a break out point.
Long trades can be considered if the price does not break the uptrend line and starts going up from there.
Long trades can be considered if the price does not break the uptrend line and starts going up from there.
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