@Z1 11 May 2021 more from that month

BCHUSD - Looks like building cause for a move higher. The first major shakeout following rise to 1600 was met with good buying pressure - once again looks like leveraged entries following the rise to 1600 have been liquidated by yesterday's move. Cause being built for a move - depending on time price to enter 1750 - 2000 USD resistance currently at 1475. Bearish if moves below 1180 and fails to recapture. Previous cause built over 11 days under 1000USD following shakeout. Perhaps two more weeks of reaccumulation before moving towards 2000USD - if shorter expect the initial target to be around 1750. Current bias move to 2000 and then build support at 1600. https://www.tradingview.com/x/zTvYphF1/ #BitcoinCash