Bitcoin Cash: Your Altcoin ChoiceNotice, the lowest price in more than a year and yet, there is no increase in trading volume. Lower low and no higher bearish volume bars is a signal of weakness for the current trend. This means that the current bearish move lacks force. It is drying out. It is reaching its end. It is done. And that's great for us.
I am doing the daily timeframe so focusing mainly on present action. There was a major low in August 2024 followed by a bullish wave. Yesterday produced a lower low, a long-term low but the action closed above the August 2024 low. This means that buyers were ready and waiting for those selling at the low. Those that sold at a strong support, lost their coins. Buyers got a great entry price and are accumulating, waiting to see if more bears will sell so they can buy everything up. If bears sell, good for the bulls as they will get good prices once more before a massive bullish wave. This is not between you and me, this is a battle between whales.
Regardless of your beliefs and what you think will happen with the tariffs, the government and Trump, Bitcoin is going up. Bitcoin will grow and as Bitcoin grows it will take the entire Altcoins market with it to the moon and beyond. That's the situation we find ourselves in right now. It is something that is good, trust.
The best time to buy is when prices are low.
Notice the chart. The peaks tend to last only a few days. The time to sell.
But look at support... It tends to go for long. The market only gives a few days to sell, but plenty of time to buy —accumulate— and hold.
The price that is active now was activated in early February, more than two months ago. So the peak is valid for only 1-2 days, yet the support-buy is valid for months.
That's the signal. Sell when prices are high, buy when prices are low.
Namaste.
