Short
LIKELY TREND REVERSAL FOR BCC
BCC just broke the key 925 support level while in a descending flag pattern. Likely trend reversal for BCC
Note
Volume pumped it back into the flag pattern and then destroyed it with all new highs. BCC ran up till the BTCUSD levels hit their support at 6300 on bittrex and then started to consolidate. If the bulls on BCC run up any higher at BTCs expense, this could signal a huge swing in momentum for BTC. If BCC breaks the new high of 1170, BTC could enter a bear market!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.