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BitcoinCash VS Bitcoin Is Now Ready
Not so long ago BitcoinCash was considered the best alternative to Bitcoin and huge grow was expected by most cryptocurrency market participants. Yes, BitcoinCash went up strongly as expected and gained 330% against the Bitcoin in December 2017. While the uptrend continuation was widely expected BCC/BTC started to move lower and corrected from the previous high at btc 0.292 down to btc 0.136 where it found strong support.
At btc 0.136 BitcoinCash rejected the 200 Moving Average and the 8/1 Gann Fan trendline. The following wave up resulted in the descending channel breakout confirming BCC bullish intentions. Although price once again corrected back and again it rejected the 200 Moving Average and failed to break below btc 0.136 support.
The next potential move by BitcoinCash could be yet another wave up, where the uptrend will continue. There are two upside targets that should be watched. First is btc 0.335 and second is btc 0.390, both of which are confirmed by two Fibonacci retracement levels.
At btc 0.136 BitcoinCash rejected the 200 Moving Average and the 8/1 Gann Fan trendline. The following wave up resulted in the descending channel breakout confirming BCC bullish intentions. Although price once again corrected back and again it rejected the 200 Moving Average and failed to break below btc 0.136 support.
The next potential move by BitcoinCash could be yet another wave up, where the uptrend will continue. There are two upside targets that should be watched. First is btc 0.335 and second is btc 0.390, both of which are confirmed by two Fibonacci retracement levels.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.