Final Target Reached on Bitcoin Cash
Took 31 percent profit at $311
Good Morning Traders,
Quick update: BCH has reached its final target of $311 at which the final sell order was triggered for a profit of 31%. Congrats to all who followed me in this trade.
I want to note that I was also stopped out of BICO (just barely) sometime early yesterday morning before BTC started to launch (see spreadsheet).
I do want to note that by Bitcoin Cash reaching its target which is the top of an ascending channel, we can now potentially look for a pullback back to the bottom. If this occurs, it would lead me to believe that Bitcoin is finally due for its pullback to 48k as well, since the two have been fairly synonymous in price action more recently.
Best,
Stewdamus
