Bullish Divergence and reversal Ascending Triangle forming on the RSI.
BCH has been on a downtrend since it's addition to coinbase/gdax.
It'll all depend on how BTC acts around these levels of $8500-8900.
Buy on a confirmed breakout for a quick 10% profit.
BCH has been on a downtrend since it's addition to coinbase/gdax.
It'll all depend on how BTC acts around these levels of $8500-8900.
Buy on a confirmed breakout for a quick 10% profit.
Note
Stop Loss $905Note
Other scenarios to watch out for. Note
We got a break-out. Now lets just hope BTC trades at 8740-9200 to maintain upward momentum. BTC breaking $9200 should have BCH breaking 1092 or 1125. Stop loss $998
Note
Congrats to those who followed this for a quick 8%+ profit. I don't update BCH much so if you would like to know the direction of the market follow my BTC post as BTC is the king pin of the chart print-outs and direction. Don't let the lack of composure make your trading decisions.
Note
Target hit perfectly. If all goes good next target $1094-1107
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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.