having difficulty breaking out. Volume
spiked on the 1 HR
has crossed on the 1 HR
and appears bullish
. Resistance levels appear to be $2700, $2900, $3100, and $4100. Support levels appear to be above $2200 at this time. BCHBTC
is also gaining some ground. I'd like to see it spike and break through the first few resistance levels today, close out the next 4-6 hour above $2700 to $2900. I'd love to see Bitcoin Cash
hit $5000 and stay above that level, if BCH maintained the BCH/BTC ration of around .16 to .2 we could see this price if Bitcoin
gets above $22-25000 USD. I would anticipate a slight drop in BTC
and another pump on BCH which would get us to this level quicker but I would prefer to see a gradual raise in both and BCH maintaining a .2+ BTC
price. Come one Bitcoin Cash
, lets see this sooner than later. Best of luck!
Disclaimer - This is my opinion only, I'm a newbie investor playing around with TA and Elliot Wave
, please do not use this as financial advise.