BCH completion of cup & handle Signals Breakout Impulse Wave = Bitcoin Cash to test High $2800

in #bitcoin6 years ago

Bitcoin Cash to test High $2800 w Breakout Advance Substantially Higher.

It had become normal valuation for the Bitcoin Cash fork to be priced between 21-25% of Bitcoin and 33% with a rare couple of extreme momentary valuations in 50% range.

Applying 1/5 to 1/4 of the Bitcoin price, which we target currently in rally mode to $22,888.

The resultant forecast conservatively under this model $4808 to 7553.

BCH brkout 4808 121917.jpg

Likely additional BUY pressure due to official documentation passed thru unofficial channels indicating the coding already in place at Coinbase for implementation of new Bitcoin Cash wallet.

Major BULLISH implications being expectation in Crypto coin community although the BCH FUD trolls proclaim there are legions of SELLers who've been waiting months to DUMP.

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