In a time frame daily, if you can read Japanese candles. The last candle is called "shooting star" in which it comes from an upward trend and begins to form the body that came to the ATH and little by little begins to lose it. Bears win the battle and leave the sail almost completely disembodied (all shadow or wick) to change the trend in the next and become .
Everything, as long as the works and the BTC became strong.
We will see how it develops.
Greetings and good week for everyone!
I base my analysis 100% on TA. Sometimes it turns out and sometimes it does not, otherwise we would all be millionaires.
The BTC was bullish until 6.7k and fell, that was the moment when BCH woke up and became a protagonist, until the BTC retreated to 6.5k, doing a pullback and weakening the BCH.
That pattern was repeated all day.
It is very likely that the BTC closes its daily candle in a range of USD 6.6 / 6.4 and the BCH in 1100/1240 (unless there is a surprise)
Thank you all for the comments and the good vibes of always!
Anyhow, back to BTC/BCH - I saw this correlation recently and if BTC would be heading to leg C of ABC correction then BCH would.. yep :) Who knows how high..
They are antagonistic, totally opposite. That gives us an advantage, which are somewhat predictable.