has grown much - but not as much as november 09 to 12, when a lot of BTC-Traders pushed the price.
From the first beginning of the actual movement at 38.2% BCH has made 190%!
For the near future I expect some sidwards movement as shown in the graphic.
If the price of BCH climbs above this simulated channel then it would be a strong signal and it were to be expected that the price rises higher up to next fib retracement (161.8%), 4.344$.
If the price falls under the last fib retracement, which is now support, at 2768$ it could continue to fall deeper to fib retracement at 78.6% (actual medium of ).
and are positive, has been good in uprise phase and is weak in downside phase. = 3 positive signals
BCH is outside bands!
Conclusion: I expect a sidewards movement for a few days.
Watch also movement in BTC, because a lot of movement is coming from there.
For the moment it is also probable that BCH falls back in trend channel as to continue.
Make your trade and stay aware.
long enough for short term trades
Trend ist active.
What is BTW?
mistake , BTW --> BTC,
BCT chart stronly corelates with BCH.
Each Elliot wave is bct/usd chart down will take bch to the roof.
Note that i can be wrong.