The breakout looked good but is now failing so I would be cautious to get back in as during the consolidation period of a stock or coin the swings can get wild. I'm a buyer at a break above the green trend line on strong volume or if we get a significant drop back to the 8 - 900 range then yes I would be back in for the rebound play but where it is right now... its good for viewing from the sidelines. Patience is the key here.
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Hey I just said be cautious. I never said I wasn't bullish on BCH overall. One has to be somewhat skeptical of rallies in a consolidation phase. As it has broken above 1400 I would feel more comfortable taking a bigger position. The question is how high this rally will go. Where will be a pull back and what is the best entry, is it the end of the consolidation or is it just a rally within? If you are still on the sidelines maybe wait for a pullback then consider your options. It has run up quite quickly and there should be a better opportunity soon. Just my opinion. Thanks for your comments too.
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If we have broken out and are on our way to a high we could be looking at the 3500 plus range for a top. There is plenty of time to get in on this rally.
@astrologychick, i think they said at earliest first week of December.. but the significant movement could be down as well though
astrologychick
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@johndemo, Maybe. Swings are where real money can be made. Gotta watch the mining power of the big players, when they decide to switch over then it's all over for BTC.