Hi all,
I just ran through a few charts scanning for good setups and I found that BCH is currently sitting on 0.236 fib level of support.
https://www.tradingview.com/chart/BCHUSDT/TqbPqbKd-I-sink-It-s-time/
BCH/USDT Binance
My last posts about BCH went very well hitting the yellow box when I alerted the buy signal at green box.
Shorterm Bullish Cycle started for BitcoinCash!
Right now,I believe we are at the support of green box which will bounce towards initally towards red box /0.382 fib which marked the initial resistance.
Yes,I know BCH pumped in USDT also but ....
Compared to other coins,BCH is massively underperforming.
How do I know that?
Look at BTC pair.Once BTC pumps,almost every other coins will pump in USD.
But to outpump BTC,they have to pump in BTC pair.
Take a look at BCH/BTC Binance
It kept going down in BTC pair.
If it stayed stable in BTC pair,it would have resulted better pump in BCH/USDT pair.
In the end,I just wanted to say it is good time to collect BCH as it is preparing for another bounce ,confirmed by both stoch RSI.But I cannot predict about the strength of this upcoming pump in BTC pair.If the strength is good,we will hit yellow box or even breakout to 500$.
That's all.Ty/
You can ask me to chart any other coins
If you want trading setups,follow me on tradingview where I usually posts charts there https://www.tradingview.com/u/tikyikhant/
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Could be possible coins will follow btc mouvement