On BCHUSD we can see a clear triangle right now. Technical analysis can´t tell us for sure where the price is going to leave this triangle (even when there is a strong support at 1430 USD). But we have also something fundamental in the game now.
On 7th of December, BCH will be listed on Bitstamp exchange, so much more people will be able to trade it. This is supposed to move the price higher. How much higher? First step is to cross over the resistance on 1800 price, the second one is 2000 USD.
My trade advice:
1st Buy (50%) - Now (1510 USD)
2nd Buy (50%) - 1450 USD (if the price drops there)
1st Sell (50%) - 1790 USD (20% profit)
2nd Sell (40%) - 1990 USD (35% profit)
3rd Sell (10%) - 2500 USD (70% profit) (if it doesn´t reach that, sell it on 1750 level)
Stop loss: 1300 USD (12% risk)
Good luck!
On 7th of December, BCH will be listed on Bitstamp exchange, so much more people will be able to trade it. This is supposed to move the price higher. How much higher? First step is to cross over the resistance on 1800 price, the second one is 2000 USD.
My trade advice:
1st Buy (50%) - Now (1510 USD)
2nd Buy (50%) - 1450 USD (if the price drops there)
1st Sell (50%) - 1790 USD (20% profit)
2nd Sell (40%) - 1990 USD (35% profit)
3rd Sell (10%) - 2500 USD (70% profit) (if it doesn´t reach that, sell it on 1750 level)
Stop loss: 1300 USD (12% risk)
Good luck!
Comment:
Correction: BCH is supposed to enter Bitstamp today (5.12.2017) at 11 AM - it means the same, only buy faster :)
Comment:
BCH going by the plan...now will come the most important moment if it will bounce (than go long) or break the triangle (than don´t buy)