Long
BCH vs BTC
BCHUSD has been testing long term resistance and accumulating for some time now. SMA cross-over signals trend reversal but with all eyes on BTC, alt/btc pairs have been getting crushed.
Latest BCH price action has been indicating a rally to ATH at $2,800 as people realise that longing BCH at these price levels will be more profitable than longing BTC. BCHBTC has much resistance to break, but a break of 0.14 would indicate strong bullish movement. With BTC nearing the top, RiskReward is much more favourable longing alts.
I expect much upside for BCH, a break of $2800 could indicate a rally to $4000+
Good luck
Latest BCH price action has been indicating a rally to ATH at $2,800 as people realise that longing BCH at these price levels will be more profitable than longing BTC. BCHBTC has much resistance to break, but a break of 0.14 would indicate strong bullish movement. With BTC nearing the top, RiskReward is much more favourable longing alts.
I expect much upside for BCH, a break of $2800 could indicate a rally to $4000+
Good luck
Note
ATH broken. Should consolidate here before another leg up.
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.
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.