BCH/BTC - Monitoring the 1D chart - Resistance galore
BCH/BTC must have been one helluva short.
There is so much resistance in this chart that my usual minimalism (4 orange lines) is being tested.
I restrained myself.
Only 2 meaningful support levels i can make out before 'price discovery' aka 'bleeding out'
What a shite project indeed.
+ It needs to make a higher high to reverse course and the level I'd be looking at is indicated by arrow
+ BCH may yet have it's day again due to name recognition and marketcap placement
+ Normies and manipulation are only real driving factors...
There is so much resistance in this chart that my usual minimalism (4 orange lines) is being tested.
I restrained myself.
Only 2 meaningful support levels i can make out before 'price discovery' aka 'bleeding out'
What a shite project indeed.
+ It needs to make a higher high to reverse course and the level I'd be looking at is indicated by arrow
+ BCH may yet have it's day again due to name recognition and marketcap placement
+ Normies and manipulation are only real driving factors...
Penafian
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