Get started

BCHETH

Bitcoin Cash - Bitcoin Spirit, $450 Body; Think Tiny BullImportant Reading for Anyone Interested in Bitcoin Cash: www.reddit.com A history of the Bitcoin community over the last few years and how this day came to be. It's absolutely worth your time to read all of it, all the links, and make up your mind as to where you want to stand at this stage of history. I will admit that my estimate in entry points was completely wiped out by tremendous bullish momentum. As of writing, South Korean volume was $557MM today for Bitcoin Cash, whereas Bitcoin Core was $266MM on HitBTC and $152MM on Bitfinex. If you think about the implications of this as the November fork drama approaches... The advice that I will give you to you on Bitcoin Cash is most simple: do not short Bitcoin Cash. Why? It is a tiny bull that has yet to grow into its full form. Think those little sponge animals that when you throw them into water, poof. Shorting Bitcoin Cash is a fantastic way to get a call from your good friend margin. The $500 mark is a big mark as it represents both a former point of resistance and the return above a historical downtrend line. If it breaks through that, next target is $549 previous resistance, which I would assume would be smashed through, and then after that $730. When to buy? Buy a dip. Make sure you have strong hands. It _will_ dip. It _will_ retrace. Just keep in mind when bull runs are very manic, they can go up in a straight line for a long time with very few retracements. This is the benefit of strong hands. Frankly, buying a breakout is fine too. Remember, in people's minds, and in reality, this is something that is very very much Bitcoin and is still selling for $400-$500 while Core is selling for $6,000. Once this hits a more feverish pitch, the fib uptrace lines are going to be smashed through as the blue (green) candles are straight lines. Segwit2X Futures have been moving on HitBTC at $1,000 today: coinmarketcap.com . Bitcoin Cash as it stands today is worth tremendously more than Segwit2x with what it has, where it came from, and the fact it has first-mover advantage against other forks. Think about it.
BLong
by RiversAndMountains
22
Bitcoin Cash - The Train is Leaving the Station; Entry PointsBitcoin Cash has broken the major historical downtrend line convincingly and has come to its first major resistance point, $400. It looks like we're forming a classic cup and handle pattern which is often characterized by some price discovery, taking profits, selling off, before breaking upwards, retesting resistance, and breaking out. All of this is pretty normal and a very healthy pattern. If you are looking to enter, sweet zones will be in the $367 and $345 range with next target being the 1.618 fib uptrace, which conveniently aligns with a prior resistance point. Charted entry is based on being able to get $340ish. Adjust appropriately if you enter in the $360s. Ideally on this you'd only want to stop out if it falls back through the major downtrend line convincingly. I think chances of that happening with the November drama coming is very slim since I believe Cash's major players and the large movers that have been accumulating will want Bitcoin Cash to be bullish so it can contend for the title, and in such a vastly oversold market, they're definitely in control. Enter: ~$340 Stop: $295 Target: $460 Risk-to-Reward: 2.54
BLong
by RiversAndMountains
21