Taking a quick look at the Bitcoin Cash markets vs the Dollar.

After hitting a All Time High (ATH) of about $2100 the prices corrected down to about $1700 and as we can see the price consolidated nicely along the bottom trend line.

BCHUSD forecast 17 December 2017

Short term support is at $1600 – $1700 and resistance $1900 – $2100.

In these situations I will look for a break to the top or the bottom of the triangle to signal my next move.

Feel free to discuss any of my trade ideas with me in slack.