As much as BCH may well be the better/purer version (when they sort the hash) - I think a bearish retracement/price flip is upon us today/tomorrow'ish. I do not feel this will be deep from it's recent highs - I hope not for various reasons.
I predict a touch of the supply (light blue line/smaller arrow) and a pull-back. The upper larger arrow is there because in these carzy times there are crazy spikes! This is why I Iabel this chart as 'neutral" - as we might all be shocked before any 'pull back'.
- all the best -
I predict a touch of the supply (light blue line/smaller arrow) and a pull-back. The upper larger arrow is there because in these carzy times there are crazy spikes! This is why I Iabel this chart as 'neutral" - as we might all be shocked before any 'pull back'.
- all the best -
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Added volume curve. If we break free of this band - up we go.
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I do not want to get into the politcis of all this, it's terrible. Innovation is great though. ANyway. BCH is sitting above it's own volume fuel/resistance. This means that it is even posible that today we could suddenly hit the higher supply (large red arrow). Is this probable? I cannot tell anything anymore after watching BTC!!!