We had the largest volume spike in 2018 after the fork which crashed the price and took the RSI to lowest level ever which means Bitcoin Cash is very OVERSOLD. So it is possible BCH had its capitulation event before other major cryptos
Capitulation means a single major sell-off event in bear market which signals that most people have sold off and thereby marking the END of the correction cycle
Also the 50 EMA (orange) line acts as a median where the price has to eventually meet if its above or below it, right now the price is far below it and likely to go up to meet it (note that the EMA can also come down a little to meet the price)
Greatest Bear Trap (Long-Term)
Capitulation means a single major sell-off event in bear market which signals that most people have sold off and thereby marking the END of the correction cycle
Also the 50 EMA (orange) line acts as a median where the price has to eventually meet if its above or below it, right now the price is far below it and likely to go up to meet it (note that the EMA can also come down a little to meet the price)
Greatest Bear Trap (Long-Term)
Trade closed: target reached
Price always returns to 50 Day EMA! Time for a correction
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Related publications
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Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
Related publications
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.