Crypto Screener › Forums › Bitcoin Cash (BCH/BCC) Forecast – Technical Analysis › Bitcoin Cash (BCH/BCC) Forecasts – December 2017 › Reply To: Bitcoin Cash (BCH/BCC) Forecasts – December 2017
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.
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.