Long
Great Buying Opportunity!
We've hit the trend line point right now, RSI is oversold so I see a great buying opportunity here. We could break the trend and touch the 50 day moving average but I think we will bounce quickly if this happens.
I'm neutral on the whole "Bitcoin vs Bitcoin Cash" debacle, but I don't see BCH going down anytime soon. As long as we continue to uptrend, it will outperform Bitcoin over the next few weeks/months.
I'm neutral on the whole "Bitcoin vs Bitcoin Cash" debacle, but I don't see BCH going down anytime soon. As long as we continue to uptrend, it will outperform Bitcoin over the next few weeks/months.
Note
We fell through the trend line, 50 day MA should act as next support. Still a great buying opportunity!
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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.