How I've been trading BCHWe all know what's going on with BCH and BTC.
I'm not entirely sure where we stand, so there's not much I can say, unrelated to my chart.
Here is what I notice:
Bollinger bands contract when preparing to break out, this is very common with Bollinger bands.
When price starts going up, buyer volume slowly increases in a near-linear manner.
When sellers come, seller volume slowly decreases, and decrease of volume is increased as gets closer to next bull cycle.
RSI shows oversold on all 3 "correction" bounces, before it started going back up.
You can use that for a signal of potential upward movement.
We've had a few falling wedges and pennants since yesterday, you know what those do.
See how you can use this.
Bchlong
BCHUSDWatch for a replay of events.
Looks like highly likely to bounce off fib retracement levels the arrows point to.
Low Risk: High Reward
Set Stop Losses 5-10% under
BCHBTC LONGSeildev here
We have a nice pull back for our BCH/Bitcoin on 4 hour chart.
We've had our 3 points of triple bottom 13th,
21st and 24th of October. Then we have seen a impulse leg
to point B and pull back at 61.8% Fib.
With these confirmations, if we can break through 0.09029 again
then we can look for further targets between 0.10588 ~ 0.11356
Plan your trades and safe trading.
Seildev