Long on Bitoin Cash - Realistic Target 8000-12`000
This is the fourth cycle in Crypto-currencies. Each cycle has a 3-4x of previous high.
The Third Cycle was in December, 2017; BCH ATH was at 4000 US Dollars, Bitcoins was at 20k, ETH 1.6K, LTC 360 US Dollars, ETC was at 44 USD Dollars.
Bitcoin, ETH, ETC went already 3x from previous ATH, LTC just went over the previous ATH, while Bitcoin Cash against BTC last week after a year and half, showed a BUY SIGNAL in SUPERTREND indicator and that lead to a price being pumped for 50% and at the same time, BCH went over the EMA RIbbon against BTC.
BCH against USD is also very bullish, the first resistance is 1,5k, second resistance 2,4k and third 4k.
My personal realistic target is 8-12k within 2months, we could see a price even higher but it is dangerous to wait. I will personally sell at the range of 8-12k.
The Third Cycle was in December, 2017; BCH ATH was at 4000 US Dollars, Bitcoins was at 20k, ETH 1.6K, LTC 360 US Dollars, ETC was at 44 USD Dollars.
Bitcoin, ETH, ETC went already 3x from previous ATH, LTC just went over the previous ATH, while Bitcoin Cash against BTC last week after a year and half, showed a BUY SIGNAL in SUPERTREND indicator and that lead to a price being pumped for 50% and at the same time, BCH went over the EMA RIbbon against BTC.
BCH against USD is also very bullish, the first resistance is 1,5k, second resistance 2,4k and third 4k.
My personal realistic target is 8-12k within 2months, we could see a price even higher but it is dangerous to wait. I will personally sell at the range of 8-12k.
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