Bch has been one of the most interesting plays since april. It great moves anjd its almost direct inverse relationship with btc has made it move 100s of dollars very quickly allowing for great profits in very short time frames
I highlighted a few key levels i will keep an eye on but what i have done lately is watch bch and btc side by side and watch how they move. You can sometimes get clues or one will move quicker than the other giving you a head start on the near term direction.
As for now were in a range and there hasn't been a lot of vol come in at these levels this time around which in my opinion is a good sign for the bulls... Also Btc has got to be getting close to pulling back more significantly ... btc did pull back last night 9800 to 9400 also pulling back a lot of the bigger alts at the same time.
I would be very careful trading any of the bigger alts or btc at these levels long i do believe were a little heavy up here and a correction is due
t.me/joinchat/GEmJHA1ubaBz1oxkHl51Uw a place for traders to discuss and share ideas
I highlighted a few key levels i will keep an eye on but what i have done lately is watch bch and btc side by side and watch how they move. You can sometimes get clues or one will move quicker than the other giving you a head start on the near term direction.
As for now were in a range and there hasn't been a lot of vol come in at these levels this time around which in my opinion is a good sign for the bulls... Also Btc has got to be getting close to pulling back more significantly ... btc did pull back last night 9800 to 9400 also pulling back a lot of the bigger alts at the same time.
I would be very careful trading any of the bigger alts or btc at these levels long i do believe were a little heavy up here and a correction is due
t.me/joinchat/GEmJHA1ubaBz1oxkHl51Uw a place for traders to discuss and share ideas