BCH trying for Inverse Head & Shoulders
Hey guys, BCH, similar to EOS, is trying for an Inverse Head & Shoulders on the Hourly & 4H, while big brother BTC is going for the Bull Flag right now. The neckline is at 705-710 conservatively. We're exactly between 4H EMAs 12 & 26. => A bullish break could signal some uptrend potential.
=> But: Any break of that neckline has to see simultaneous break of big brother Bitcoin, otherwise it'll be a fake out!
In the direct correlation of BCH/BTC, we're at a very important support level at 0,108.
If we cannot break to the upside, we're looking at the Daily close line at 685: RSI has cooled enough for another leg down. So, if you wanna play bullish, never forget: We're still in highly bearish terrain, any possible plays have to be highly secured & conservative in order to protect your money.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
=> But: Any break of that neckline has to see simultaneous break of big brother Bitcoin, otherwise it'll be a fake out!
In the direct correlation of BCH/BTC, we're at a very important support level at 0,108.
If we cannot break to the upside, we're looking at the Daily close line at 685: RSI has cooled enough for another leg down. So, if you wanna play bullish, never forget: We're still in highly bearish terrain, any possible plays have to be highly secured & conservative in order to protect your money.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.