BCH/USD: Keep an eye out for Breakout. + Signals forming.
Updated
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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