#1295
margincall
margincall
Keymaster

After a nice little bull run up too $2700 Bitcoin Cash is yet again looking a bit bearish, but on the longer term side BCH is looking good to go!

bch usd Jan 8 forecast 2018
There is some serious selling pressure on the market, enough to make the stomach turn, however I see solid support in the 2200 – 2300 area.

With that said there is some very bearish signs with a little h&s as well as the MACD indicator showing us that the momentum is against the bulls.

I expect we will test 2300 – 2200 again and it could pay to have some orders stacked down through these zones to as low as 2000 for the short term.

Should we consolidate above these prices we could see a nice little bull trend developing again. Be patient and wait for the market to show the next move.

Please feel free to discuss this trade with us on Discord.