BCHUSD to 6000?
Updated
BCH is forming a base on the multi month channel shown in the chart above and the BTC chain seems to be getting spammed with 480+ sat/byte transactions. Combined with the renewed upward movement in BTC, I have a feeling that BCH is going to get pumped to 6000+ shortly.
Trade active
Note
Sticking to the script so far. Went down to test the trend line one last time and bounced very strongly off it. The network spamming seems to have taken a break for 5 hours or so and seems to have started back up - ton of 461.45 sat/byte transactions hitting the chain where the sender is transferring less than 0.7 BTC (a lot of them seem to be less than 0.01 BTC).
Expecting the move up to start again shortly (Time stamp - 940 EST)
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