Bchusdsignal
BCH's massive move, time to keep it on your radar!You can hate on Bitcoin Cash all you want, but Bitcoin Cash has outperformed all of the other cryptos by far. it took just 2 WEEKS for it to DOUBLE. 2 BLOODY WEEKS! What is really tricky about this is identifying a trading opportunity, which right now I don't see any. I do think it's a good time to take some profit. You could risk shorting it as the charts indicate we are in oversold territory by a couple factors:
1. RSI in oversold territory
2. Hitting a resistance zone.
BUT, a lot of people are just arbitrarily converting there BTC into BCH which has driven it up a TON and has kept MACD looking really good. Which is why I am not going to risk shorting it. I want to throw this out there to make sure people keep it on your radar as it made a lot of people a lot of money, and it's worth notating. We'll want to watch what happens if it pulls back and what it does at this $1,000 support zone/fib zone we have here.
Happy Trading,
-Sherem
