Crypto Screener › Forums › Bitcoin Cash (BCH/BCC) Forecast – Technical Analysis › Bitcoin Cash (BCH/BCC) Forecasts – January 2018 › Reply To: Bitcoin Cash (BCH/BCC) Forecasts – January 2018
Bitcoin Cash has taken a knock from the bears, along with the rest of the majors.
Using the 1day candles and a 20SMA we can see that we are clearly in a bear trend, the PPO and RSI confrims this for us.
On the bright side we saw buyers stepping in around 1350, and I think we are looking at a new accumulation zone between 1200 – 2000.
Bitcoin Cash will have to bounce and consolidate above $2100 before we will consider going long.
Lets not be to hasty to call a bottom here, keep some dry powder handy just in case we dip below 1200 before taking any new Moon shots.
Long term speaking everybody should relax, enjoy the discounted altcoins on sale, crypto will rise again, like it always does, time frame? Its up to YOU!