Bitcoin Cash (BCHBTC) did great recently but it seems that momentum on the side of the bulls is being lost.
Right now we can see volume going lower and a failed attempt at moving higher. A potential drop is now in place and MA200/EMA200 is likely to be tested as support. MA200 is sitting at 0.039586.
Conditions for change As long as prices are trading above EMA10 we remain bullish... If prices start to move higher and break the last high on good strength and volume, then BCHBTC is likely to continue to grow, but watch out for fake breakouts, since the signals are pointing to a retrace.
True, going up would be high risk buying or holding. i would go short 33500sats.
Harry_Seldon
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Agreed Alan. I'm sticking to my system though : "when trending up, only look for longs" :)
So I'll only look to sell some now & hope to rebuy lower.
Thanks for the chart & article.
ganjaliker
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@Harry_Seldon this person is sick with autism and stupidly spam all coins