Crypto Screener Forums Bitcoin Cash (BCH/BCC) Forecast – Technical Analysis Bitcoin Cash (BCH/BCC) Forecasts – March 2018

This topic contains 1 reply, has 2 voices, and was last updated by margincall margincall 11 months, 3 weeks ago.

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  • #1644
    CheesePuff
    CheesePuff
    Moderator

    This is the thread for analysis on the Bitcoin Cash markets in the month of March 2018.

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  • #1676
    margincall
    margincall
    Keymaster

    The Bitcoin Cash market has slowly been recovering alongside BTC, lets take a look at the chart to get an idea of where we stand vs the Dollar.

    BCHUSD forecast 5 March 2018
    We can see that the candles are making higher lows on the 4 hr candle chart.

    This is a good place for the higher risk trader to get in on the action, stacking buy orders down into the $1260 support zone for quick gains on the way to $1300. Please note this is not advisable for the new trader, markets can change quickly.

    The safer entry would be when markets consolidate above $1300 – $1360, providing we have good trading volume, this will be a good confirmation for the new bullish trend.

    On the flip side should $1260 fail, we will most likely retest previous support at $1200 – $1000

    Short term support is around $1200 and we have solid resistance above $1360, lets be patient while the bulls and the bears battle out.

    Feel free to discuss this trade idea with me on Discord. Safe trades.

     

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