Updated
BCHBTC Is About To Tell Us What The Future Might Look Like
The next should hours could give as a clue as what future trends may be. If BCHBTC break postive, it's a good sign for more long-term BCH trading vs a declining BTC. The opposite is true if BCHBTC breaks down.
Watch for a volume breakout in either direction.
Watch for a volume breakout in either direction.
Note
With the recent climb in BTC, BCH is now in a long consolidation period where it's looking for price discovery. Right now it's beginning to break down below that lower level of .167 support. The market will soon decide what it thinks of BCH. Again, we will be looking for a swing in volume high volume here when either the bulls or bears decide the fate of BCH for the immediate future. I expect that will happen today.
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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.