BCH - Sunday Update
Wow, traders just went on holiday! The volume is drying up, the price action is stable! Who wants stable? I want to see to action. Much like BTC, BCH is compressing before another move; likely a move North. BCH is highly correlated with BTC and as of the date of this post has not established itself like the recent GOD Token LTC ( A little bias, perhaps!). Okay, so I bought a little BCH and LTC here and there, but that's just how I do things, slow and over time.
I am not sure what's going on with BTC but if BTC decides to make a hard turn South, it could drag the whole market with it! There are too many people, including large investors predicting BTC stays in a Bear market thru 2019. The reason I bring this up is BCH is highly correlated with BTC and if BTC collapses, BCH will do doubt follow suit. Be careful, be wise, but be smart when trading these risky cryptos. There is no get rich quick ideas here -- just a bunch of whales manipulating the game, for now!
Outlook: Neutral -- we will probably trade thru the primary trend in more sideways (Range) trading. The action elsewhere is stealing BCH's thunder.
I sure wish there was more to say about BCH, but the chart speaks for itself.
Biff
I am not sure what's going on with BTC but if BTC decides to make a hard turn South, it could drag the whole market with it! There are too many people, including large investors predicting BTC stays in a Bear market thru 2019. The reason I bring this up is BCH is highly correlated with BTC and if BTC collapses, BCH will do doubt follow suit. Be careful, be wise, but be smart when trading these risky cryptos. There is no get rich quick ideas here -- just a bunch of whales manipulating the game, for now!
Outlook: Neutral -- we will probably trade thru the primary trend in more sideways (Range) trading. The action elsewhere is stealing BCH's thunder.
I sure wish there was more to say about BCH, but the chart speaks for itself.
Biff
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.