I’ve been watching SET:BCH closely and it has become extremely bullish but also people are HODLing harder than ever. There is a noticeable decrease in selling pressure after the 250% gains, and I believe we are primed for an increase in buying pressure and volume. Fibs will show levels SET:BCH can touch, although, it is holding very strong so it may never...
Bitcoin short term has had some unimpressive pumps to try and reclaim the $27,000 level, and all of the longs are low volume. Watch for extended periods of low volume followed by a larger sell volume. I believe this will break below the daily VWAP for now.
1️⃣ First bear flag formed around 48-50K. ➡️ Break down to $46.2K 2️⃣ Second bear flag forming at 46K-47K ❓Break down to $39K ❓Find support ❓Reversal, Accumulation & Rebound to 54K