If Bitcoin continues to go down and we break 1205 barrier for BCH, it is probable that we will move to next resistance point of 1300 or even more. I repeat, the condition is that Bitcoin continues to go down!
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Just broke the 1205 US$, 4 minutes ago to 1227... Let's see if there is going to follow a correction (or if other currency owners will see that and react by selling other coins and buying BCH)
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BCH started the awaited breakout 30 minutes ago and reached over 2050 US$ ! The blue vertical line shows the moment this happened.
BTC reacted with an important fall. The blue vertical line shows the moment BCH made the breakout.
BTC reacted too with an important fall. The blue vertical line shows the moment BCH made the breakout.
**** FOR ME THESE ARE BUY SIGNALS FOR BCH. IF traders see this and sell other coins to buy BCH, then BCH will rocket high!! But for the moment EVERYTHING IS VERY FLUID.
The night (here in Europe) is going to be long! DON'T FORGET to add a TRAILING STOP after buying BCH!!
*** DISCLAIMER: This is my PERSONAL point of view! YOU ARE RESPONSIBLE OF YOUR ACTS AND DO NOT BUY USING ALL OF YOUR CAPITAL!!!!!! ***
Do you think is a good idea sell LTC and buy BCH at this point to take profit of it?
NickTsili
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@santiagofloresh,
LTC: LTC reached today for 2nd time the ATH of 73. But I see a lot of resistance there as people seem to sell a lot. I believe it will go down.
BCH: For about 8 hours BCH is betwenn 1197 and 1198!!! Bollinger Bands became VERY narrow. Aroon indicator (3h) seems that we will have a strong uptrend. It looks like a volcano that is going to explode.
Proposition: If you see Bitcoin go down + LTC go under 71 + BCH breaking 2010 (with good green volumes), yes, ONLY IN THIS CASE sell your LTC to buy BCH.
NickTsili
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@santiagofloresh, Just broke 2 minutes after my last post to 1227... Let's see if there is going to follow a correction (or if other currency owners will see that and react by selling other coins and buying BCH)