Potential 45% ROI with Bitcoin Cash
Bitcoin Cash looks to be finished consolidating
With the support line now tested for three cycles, Bitcoin Cash is ready for investment.
Cup and handle formation possible for Bitcoin Cash which on most occasions means exceptional gains or what they call a moonshot. This currency has tested the support lines three times and I set my starting point target at 0.077 with the sell point at 0.10 or 0.13. I think that BCCBTC investments will be the most profitable over the course of the next two weeks as there is so much attention around Bitcoin's Segwit2x split. Bitcoin Cash is taking advantage of that and there is also news that BCC will be improving their blockchain issues. This could be a winning investment if you enter around 0.77 - 0.78. As always, don't get greedy and don't fall for the alt coin pump and dump schemes.
Update on this Price Analysis as of Nov 5th 6pm EST
I posted this prediction earlier this morning and if you'd been able to enter at 0.77 you would be sitting around 0.85 right now which is a 10% profit if you sold right now. The resistance line at 0.83 was broken and the next check will be at 0.93. If this level is surpassed then Bitcoin Cash will be expected to move rapidly to 0.13 which is the next resistance point. I will try and keep this post updated as the trade progresses or if I successfully hit my point and sell out.
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*Update Nov 10th 2017
Bitcoin Cash Climbing Heavily Towards Next Resistance Line
Here is how this bitcoin cash trade is progressing now
As I write this update Bitcoin Cash is sitting around 0.107 BTC , this is a huge breakout of the triangle pattern and typically will fall back to the level of previous resistance which now becomes the support line. Two scenarios can happen during this time, a channel pattern can establish itself or we will see another rising triangle pattern. Key things to keep an eye out for are rising price with volume falling out or rising price and steady volume. If you see the volume drop but the price is rising then set a stop loss where you feel comfortable.
As of now entry point was 0.077 BTC and aiming to exit at 0.12 BTC for a profit of 64%
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