Bitcoin Cash : Cashing in on the Cashening

BITFINEX:BCHBTC   Bitcoin Cash / Bitcoin
BCHBTC just broke bearish from its triangle and altcoin-Bitcoin pairs generally look like they're due a sell-off with Bitcoin appearing like it might be in a position to rally again soon. However, if/when BCH returns to the lower trend line indicated above, around the psychological 0.1 BTC level and .786 fib retracement, I would regard it as an attractive buy. Subsequent to this retracement, price targets in the 0.2 region and indeed higher would seem plausible, especially given that BCH seems to be forming a large base, such that it may eventually re-attempt the previous ATH of 0.5 BTC after this consolidation.

This is not investment advice. My analyses are frequently wrong.
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