We are beginning to build bullish buying signals...... It is bouncing off of double bottom support and breaking out of the bullish flag on rising volumes. All of the many channels are pointing nicely upwards. The upward curled 50 EMA (50 day moving average), RSI and MACD are all showing bullish signs. So all systems are go.
Research shows Bitcoin Cash (BCH) cost ONLY +/-1% of what it cost to send Bitcoin (core) (BTC).
Bitcoin Cash is 100 times better "Medium of Exchange" than Bitcoin (core) and is still valued less than 1/5th.
You do the math...
Basic economics for a crypto "currency" to succeed as a "medium of exchange" is that it must beat out the competition in cost, speed, reliability and security - with emphasis on COST. If noting else, I consider these well-thought-out reasons to at least hedge Bitcoin Core (BTC) bets with Bitcoin Cash (BCH/BCC).
Looks like lot's of upside there to me to me... ;)
On a somewhat funny side note: There is the lunar trading theory, AKA "Moon Theory", which says a Full Moon is the best time to buy and New Moon the best time to sell. Last night was Full Moon.
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
Wishing you all Happy Holidays and All the very best wishes of luck in your trading ;)
交易進行
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It has buy movement coming up on a key level.
If it can get above the next Fib. 68.2% at 2723 and hold above, the next retracement back up is Fib. 68.2% at 3066 to break before we head back up to all time highs.
Correction above:
That's Fib. 50.2% at 2723 - then Fib. 61.8% at 3066
hmun10
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Looks a bit unrealistic in the timeframe you stipulate. I am thinking more towards the 3.5k mark in this run.
Inspirar
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@hmun10, I didn't really consider it really stipulated a timeframe per se, but so far the price action is filling in the Breakout box nicely and moving towards the bottom of the upward arrow. I guess the chart shows the 4,200 range to be around the 10th of the month. Who knows with this market. Could be sooner - could be later. I think most of us will be happy as long as it keeps moving upwards... ;) All the best