BCH consolidation ongoing, all good
Hey guys, BCH is right now in consolidation mode similar to brother BTC. We're right now under the 12 & 26 EMA on the Hourly, and barely holding 12 EMA on the 4H, which is weaker relative to Bitcoin. The reason is clear: BCH, similar to EOS, tried yet another bull flag break, when big brother BTC was just consolidating. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;) So should we fall dawn more, the 26 EMA would come in at around 750 right now.
Just like with big brother, we need a Daily Higher Low & Higher High, in order to change the trend. Right now we're rejecting from EMA 12 on the Daily with a long wick of profit taking. Should we not get our HL & HH, it will turn out as yet another bear flag on the Daily.
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Just like with big brother, we need a Daily Higher Low & Higher High, in order to change the trend. Right now we're rejecting from EMA 12 on the Daily with a long wick of profit taking. Should we not get our HL & HH, it will turn out as yet another bear flag on the Daily.
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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