Bitcoin Cash / BitcoinUpdated Maybe this SH!T isn't as complicated as we try to make it.
BCH/BTC overall channel is well defined. Don't get caught up with the pumping and dumping along the way. I thought I had a pump and dump pattern figured out last month based on the BTC mining difficulty algorithm adjustment cycles, however the last few DAA's have been rather insignificant for the price. What we can clearly see, however, is the distinct uptrend channel.
Note
A break of the channel to the up or down side would indicate significant price movement to come.Note
Most likely accompanied by a return to the channel, specifically on a break to the upside, as we have already seen this occur 3 times.
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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.