#1111
MrHanna
MrHanna
Moderator

Bitcoin Cash treated us nicely this month with a nice x2 push from 1800 to 3600. After hitting a new ATH the market is currently correcting.

 
bchusd forecast
 

Not that I care much about fundamentals the fact that Coinbase added BCH is a pretty big deal, especially with Bitcoin half wounded.

Back to the technicals we can see the sellers stepping in and $3000 has become our short term support.

Long term the market is extremely bullish and I will wait for the trend to break before going short, but with that said it is always good to take profits and recover initial investments.

I will see if $3000 holds as support before buying more BCH.