Yeah... trash

Is it really?

File: 2017-08-24_105503.jpg (66KB, 737x350px) Image search: [Google]

66KB, 737x350px

Now, after the stellar rise from $296.38 to $972, Bitcoin Cash pulled back close to 61.8 percent Fibonacci retracement levels where it found support. Since then, the currency has resumed its uptrend.

However, we expect to see some range bound action for the next few days. Hence, we shall not chase the price higher. If the price corrects again and successfully retests the $550 levels, traders can initiate long positions with a stop loss just below $550 levels.

The first target on the upside is $765, which is 50 percent Fibonacci retracement of the fall from the high of $972 to the lows of $558.6.

At current levels, the risk-reward is not in favor of the bulls, therefore we want to enter on dips when the risk is lower.

>>3187838
TA shills are almost as retarded as BCash shills.