BCH MARKET OUTLOOK. BEARISH? Been long I did this After getting to a High of 693, BCH has been in a sell-off for the past 2 days. Going to a low of 623, now at 641. With the large engulfing candle on the 4hrs chart, looks like we might see a move up in the meantime. Probably a short move. On a larger picture, the market still looks bearish. Price is under the daily 15 SMA and 200 Sma, acting now as a resistance. That's if you use MA as a guide. (I do) I would be careful going long here. Price is at resistance and might go down more. As long as price is below 665 which is daily resistance I will look for every opportunity to sell on futures. Would watch for price to break and close well above 665 to re enter long. Trade carefully. Plan your trade, this is not an expert opinion. Picture courtesy of binance.com.