**Bitcoin Cash: two sides of the same coin**

COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
Hi, Traders ! Monfex is at your service !

Bitcoin Cash has recently found a new acceptance in South America after a partnership between Mercado Livre and BitPay. This step will make it possible for crypto holders in Brazil to pay online in BCH and BTC at one of Latin America’s biggest online marketplaces - Mercado Livre.

* Technically, Bitcoin Cash resides within a range between $205 and $235.
* As is the case with Bitcoin , market activity and, consequently, volatility is very low at the moment.
* Fib market cycles show that 0.382 Fibo time step fell right at the bottom of 25Sep'19.
* The next Fib cycle ends up closer to the Mid of November'19.
* Until that time, the price is rather expected to move sideways; however, incoming drivers and crypto news could stir the market up.

Short-term trading strategy

* For the time being, the smart tactic is to abide the time when the price withdraws from the narrow range of $205 - $235.
* We will keep an eye on the situation and will come forward with an Update when relevant.
* In the meanwhile, you could stick to the range $205 - $235 attempting to catch the market moves inside.

Watch for our Updates to get real-time superior signals!


This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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