Bitcoin Cash About To Take Off

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Bitcoin Cash About To Take Off

Bitcoin Cash looks very strong again since his last run.
One reason for this could be the upcoming fork on May 15th.
You know the potential of what Bitcoin Cash has as soon as it shows a sign of strength.
Roger Ver will do a lot to make the coin fly like the last few times.
Once the correction is over and we break through the critical area the fun can begin.
You can find the first targets on the chart above.

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BCHBTC:

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''It may be that we drop another 5-10% from here before it goes up, but that would not change the idea, it would only change the trend line.''

This shouldn't happen anymore.
We broke out of the flag and critical area of around $9,800.
This should go up till around $10,200-$10,600 until we see another correction.

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'Sorry, this is should be a post for the Bitcoin idea. ignore it for Bitcoin Cash*

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The proof that analysis works in every time frame, if you do it right.
BCHBTC analysis on 1 min time frame:



Result after (~15 min):

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And usually you wait for a breakout from the flag, a small correction and then put your stop loss under the impulse or flag before entering a trade.
But I assume that most of you have bought much earlier :-).

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Wouldn't sell anything at first target.
Mostly will go much higher next days.
But it's your decision.

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To be honest, Bitcoin Cash could break all targets at one day like it often did before.
It has potential for a new all time high from here, let's see.

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Expecting Bitcoin Cash to shoot in the near future.