sumastardon

BCHUSD Now in the buy Zone

BITFINEX:BCHUSD   比特币现金/美元
BCHUSD             Back in the buy zone now
A little burst of Dollar strength on back of DXY             touching near
term support at 92.62 has seen all the alts v USD weaken.
BCH is now coming back into the buy zone, either from 1539 if
touched or alternatively on a break above the dynamic from
the highs.There have been two minor spikes through this line
but both have failed. We want to see some buying power
emerge and green candles as it breaks that dynamic and to
hold up on any retest. It;s getting very close now...be ready
for it. Stops need to stay under the dynamic by 20 points or so
when the break occurs.
评论: If you bought at 1539 and didn't have a stop right under it, under the parrallel that is very naughty, but you are lucky if you did this time. At least the flush out has taken BCH back to the last support (where it was another buy, but missed it here writing on ETH, damn) and has bounced back to the entry point just above. If still long be careful here. This only turns positive if it can regain and hold above 1570 and then break above the dynamic holding back all recent rallies. If broken look to follow long on first pull back with stops under the dynamic. Need to green power emerge right about now for this to stay good from here. Taise stops on nay longs to 1538 for breakeven

Thanks man ;-)
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