Btchshort
HIGHLY IMPORTANT DECISION TIME FOR BCH!Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity.
Bitcoin Cash is high volume coin. Which is a good thing in a bull market.
But right now we are in bear market and at a very important price zone for bitcoin cash!
277 is a massive support area.
If we cant hold it price can test the 200 price zone which means a %25 decline in value.
Supoort areas
277
255
200
Resistance areas
293
342
387
Before You Scream Bull... Have You Checked The 200 MA?Just how I trade... I like to wait for a full breakout above the 200 MA. Now, sometimes while in a bear market we may see us come back to test the 200 MA, but as you should know we usually get quickly rejected. If not that, then we will usually see a few days above it before a full on crash back down. To me... times like this are a great opportunity to be shorting. I like to save my longing action for when we are not just above the 200 MA, but actually being supported by it as well.