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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