BCH (Bitcoin Cash) Breaking UP/Out of Triangle/Wedge
This current wave of selling is possibly the last chance to get in at this price level in this rising support channel before breaking UP in the direction of new ATHs (All Time Highs).
Whether it is a Triangle, Wedge , Flag, or Pennant , the channel is rising and the breakout is beginning to build bullish buying signals....
All of the many channels are pointing nicely upwards. The Buy Zone to get into BCH ( Bitcoin Cash) at bottom channel prices is steadily rising, bouncing off, and testing bottom support of, the upward curled 50 EMA (50 day moving average) on the 4-hour and daily charts . As slow as it may have been these last days of the market correction with light holiday volumes, it has left the door open for those wanting to get more into it. MACD and RSI are both breaking up with lots of room to move off these steadily rising support levels of the upward price channel . So all systems (signs) are UP from what I see for whenever the volumes move back into normal gear, which will more than likely pump the price action more in the general upward trend this building support channel is carrying us.
Bitcoin Cash (BCH) cost ONLY 0.1 - 2%
of what it cost to send Bitcoin (core) ( BTC)
(from our research experiments...)
Thus, Bitcoin Cash is 100 times a better Medium of Exchange than BTC
and is still valued less than 1/5th. You do the math.
Looks like lot's of upside there to me to me... ;)
Basic economics for a crypto "currency" to succeed as a "medium of exchange" is that it must beat out the competition in cost, speed, reliability and security - with emphasis on COST.
If noting else, I consider these good well-thought-out reasons to at least hedge Bitcoin Core (BTC) bets with Bitcoin Cash (BCH).
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
Wishing you all Happy Holidays and
All the very best wishes of luck in your trading ;)
Whether it is a Triangle, Wedge , Flag, or Pennant , the channel is rising and the breakout is beginning to build bullish buying signals....
All of the many channels are pointing nicely upwards. The Buy Zone to get into BCH ( Bitcoin Cash) at bottom channel prices is steadily rising, bouncing off, and testing bottom support of, the upward curled 50 EMA (50 day moving average) on the 4-hour and daily charts . As slow as it may have been these last days of the market correction with light holiday volumes, it has left the door open for those wanting to get more into it. MACD and RSI are both breaking up with lots of room to move off these steadily rising support levels of the upward price channel . So all systems (signs) are UP from what I see for whenever the volumes move back into normal gear, which will more than likely pump the price action more in the general upward trend this building support channel is carrying us.
Bitcoin Cash (BCH) cost ONLY 0.1 - 2%
of what it cost to send Bitcoin (core) ( BTC)
(from our research experiments...)
Thus, Bitcoin Cash is 100 times a better Medium of Exchange than BTC
and is still valued less than 1/5th. You do the math.
Looks like lot's of upside there to me to me... ;)
Basic economics for a crypto "currency" to succeed as a "medium of exchange" is that it must beat out the competition in cost, speed, reliability and security - with emphasis on COST.
If noting else, I consider these good well-thought-out reasons to at least hedge Bitcoin Core (BTC) bets with Bitcoin Cash (BCH).
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
Wishing you all Happy Holidays and
All the very best wishes of luck in your trading ;)