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Bitcoin Cash
Long

$ BCHUSD Who's going to throw the first punch?

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The sideways pattern may be coming to a end very soon, the crypto markets are a coiled spring at the moment with a great deal of tension. The Daily and Weekly close look like the time for the big moves as all indicators are tightening and the BB,s are pinching extremely tight. The volume is declining which adds to the tension as bulls and bears wait to see who throws the first punch. Our bias remains long given the pennant formation and the completion of the 5th wave, but fearful of they bears going all out.
RedHotStocks
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Chart PatternsTechnical IndicatorsTrend Analysis

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Chart PatternsTechnical IndicatorsTrend Analysis
RedHotStocks
Also on:

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.