I don't like this daily chart price action in BCHUSD; Bitcoin/USD is a far more attractive alternative for the bulls.
In fact I would not touch BCHUSD after seeing its recent, highly-manipulated bullish breakout/waterfall decline.
Another leg down for BCHUSD remains a possibility; if trading it, be especially nimble on the long side.
Traders and especially investors should stick with the leader in the crypto market - Bitcoin.
I have no position in either coin.
In fact I would not touch BCHUSD after seeing its recent, highly-manipulated bullish breakout/waterfall decline.
Another leg down for BCHUSD remains a possibility; if trading it, be especially nimble on the long side.
Traders and especially investors should stick with the leader in the crypto market - Bitcoin.
I have no position in either coin.
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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.