Panjang
BTC is up; BCH on deck
BTC is currently on a price run testing resistance. All markets have rallied with the exception of BCH which is currently finishing off leg E of ABCDE continuation pattern of the 2-week triangle and theoretically is on deck for a price run. Using fibonacci retracements and extension tools, we can calculate target prices of 3485-3566 (TP1) and 4115-4214 (TP1).
Below the price chart, illustrated is altcoin dominance. XRP and ADA are currently on a downtrend, ETH has just finished off a rally, and the remaining alts (sans BCH) have benefited from a global altcoin rally. Essentially, money should soon (if not already) flow from other alts and BTC into BCH.
We also have a new printed CBI2 signal (a measure of Bollinger band volatility) which has been a good indicator of imminent future price action. Now would be a good time to consider a position in BCH.
Below the price chart, illustrated is altcoin dominance. XRP and ADA are currently on a downtrend, ETH has just finished off a rally, and the remaining alts (sans BCH) have benefited from a global altcoin rally. Essentially, money should soon (if not already) flow from other alts and BTC into BCH.
We also have a new printed CBI2 signal (a measure of Bollinger band volatility) which has been a good indicator of imminent future price action. Now would be a good time to consider a position in BCH.
Nota
Trend looks good. Here are your local buy-in levels.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.