Bitcoin Cash (BCHBTC) Goes Bullish

6 בדצמ׳

This is an extreme signal that I am about to show you. Notice the active/current candle, it wicked below the February 2024 support level as well as June 2022 and is now back in the green.

This active candle is now leading to a long-term higher low, vs May 2023, and is about to close as a hammer (if the week closes near current price or higher). These are very strong bullish signals.

So BCHBTC went down for more than 5 years and later entered a prolonged consolidation phase. The period between now and May 2023 is all sideways. The downtrend ends and sideways starts; we now have bullish signals, a long-term higher low... This can lead to an uptrend. The first ever and this can produce long-term growth.

Long-term or not long-term doesn't really matter, the fact is that a great trading opportunity is present and we have a bullish chart setup.

If Bitcoin were to enter a 3 months sideways period, pairs like this one can produce massive growth.

You saw it here first...

Thanks a lot for your continued support.

Make the most of this information.
Use it in the best way you can.

What would you do and how would you act now if you knew a certain event would happen before it takes place?

I would position myself to profit from this upcoming event.
Everybody wins.

Thank you for reading.

Namaste.