If you are a fan of Bitcoin Cash and see great potential in this "altcoin". If you don't care that any long trade can be closed by stop because of unstable market conditions. If you want to become a rich guy and do it very quickly (it's a joke). This trading idea is for you. Like in the previous trading idea we got a price reversal from one of Moving Averages. This time it was SMA100 which is stronger as a support line than SMA50. RSI confirmed price reversal. MACD supported upward movement and DMI also was goign to give a bullish signal. We could trade based on a reversal signal. But more safe variant is to use a breakout signal. The market made a new swing high and it can be used for placing orders for buy. Also if the price breaks the downtrend line and this high, it will be an additional confirmation of further upward movement. It will be a new trading opportunity. Entry level is 1545.00 with stop below the local swing low at 950.00 level. Profit targets are 2000.00 and 2500.00 levels. Of course if you believe in "To the Moon", the part of trade volume can be left for long run. Don't forget that the market is not stable and using stop orders is strongly recommended.
You are one of my favourite posters here. Thanks for a more unbiased post second time around. My only suggestion is to spend an hour reading how things came to be with Blockstream versus Bitcoin Cash.
@RiversAndMountains, Thanks for sharing. The BTC vs BCH debate is very important to research well and I believe will play out with dramatic effect in the coming months.
BBENTAYGA
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Tell me, I realized it right, the price will fall to 950 and then it will rise to 1540 ... then it will fall and go back to 2000 .. and then to 2500 ... ??
investing_alt
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Bro I thought you were an emotionless trader here only for the profits. Why are you shilling BCH as if it is not Bitcoin? I don't trust your trade opinions when you bring emotions here.
jasonwhite
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@altinvesting, stop crying. he is doing TA without involving emotions and politics. If he sees opportunity he'll post it, if he doesn't see opportunity he won't post it. Again, stop crying.
investing_alt
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Boo hooo my precious BTC is getting attacked lets start calling a valid fork of Bitcoin a shitcoin altcoin.
@jasonwhite, hey jason you do want or don't want there is no difference between them. in a looks BCH is a update on BTC if you know programing BCH is a update for BTC with a different name "Bitcoin cash" BCH try resolving many problem in bitcoin. but why developers develop "Bitcoin cash". bitcoin is slow. small block size. limited 21 million. general miner can't mining easy bitcoin. because mining difficulty is very hard in bitcoin. and noting important high fee in a transaction. this is big bitcoin dilemma. I thinks we need bitcoin cash because market want it. but a note important about BCH. BCH making more money for many company in behind the curtain. this is a game. and we play this game. I'm hope you good play.
reddit.com/r/BitcoinMarkets/comments/6rxw7k/informative_btc_vs_bch_articles/dl8v4lp/
Worth the entire hour it'll take to read it and the links within