Where is Bitcoin Cash Headed?
Disclaimer: This is not financial advice.
Today we saw some nice price action with Bitcoin Cash and hopefully you guys picked some up at the lows earlier this month, if not don't worry you might have another opportunity.
Using some technical analysis we can see that Bitcoin cash is looking at a healthy correction to about ~70k Satoshis if it breaks the trend line, traders will most likely be looking to take some profits and buy back at the lows and if BCC can find support at around ~70k we can expect new highs, I estimate this will take place within the next 1-2 days but nothing is certain.
Currently Bitcoin cash has been following the price of Bitcoin quite closely, for those of you that missed it I wrote a post on what I think will be happening in the next 10 days with altcoins/btc and bcc. You can find it here:
(https://steemit.com/cryptocurrency/@calculatedrisk/bitcoin-bitcoin-cash-and-altcoin-predictions).
As for now we're just waiting to see what will happen in the coming days.
490$ would be next stoppage for BCH. ;)
I hope so, it seems like B2X is losing support and I'm thinking BCC might be the one fork that actually does well. Gotta stock up!
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