Bottom fishing the BCHBTC pair with a bold prediction.
Updated
Yes, the chart looks horrible,... for no reason.
BCHBTC pair has been tanking as of late.
I do trade the pair: for the order flow reminds me of trading bond futures. It's nice.
With Bitcoin Cash BCH technology being better than Bitcoin core BTC.
I think its a great opportunity to start building a position for a longer term hold, or hodl.
Bitcoin cash is faster, cheaper, executions are better with less algos trading.
The function of the product would be the fundamental investment.
BCH could go a bit lower, but as long as BTC stays above $6800, BCH should start attracting capital along with some other coins.
Hard stop would be .0930
THe CHart
This is a long and safe outlook on the daily chart.
The projection is a few months out with some trade opportunities in between.
The price action is starting to break the top of the ascending triangle which could be the beginning of bullishness.
The horizontal channel measures the length and price range of expected consolidation.
In time the price will retrace 100% where there may be a trade to the downside to pick up more BCH.
The top target is .1167. My projection is far out in time to make sure they are hit.
BCH open sell targets.
0.10600000
Open (cancel)
0.11310000
Open (cancel)
0.16470000
Good luck everyone.
Feel free to comment and ask questions.
BCHBTC pair has been tanking as of late.
I do trade the pair: for the order flow reminds me of trading bond futures. It's nice.
With Bitcoin Cash BCH technology being better than Bitcoin core BTC.
I think its a great opportunity to start building a position for a longer term hold, or hodl.
Bitcoin cash is faster, cheaper, executions are better with less algos trading.
The function of the product would be the fundamental investment.
BCH could go a bit lower, but as long as BTC stays above $6800, BCH should start attracting capital along with some other coins.
Hard stop would be .0930
THe CHart
This is a long and safe outlook on the daily chart.
The projection is a few months out with some trade opportunities in between.
The price action is starting to break the top of the ascending triangle which could be the beginning of bullishness.
The horizontal channel measures the length and price range of expected consolidation.
In time the price will retrace 100% where there may be a trade to the downside to pick up more BCH.
The top target is .1167. My projection is far out in time to make sure they are hit.
BCH open sell targets.
0.10600000
Open (cancel)
0.11310000
Open (cancel)
0.16470000
Good luck everyone.
Feel free to comment and ask questions.
Trade active
whoever followed, congrats. didn'yt have a chance to take profits but... holy crap. almost doubled in a week. my consolidation period was accurate. it is way too extended now. take profit. itsccryptos
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