BCH history is too short to really decipher any patterns via history; however, many indicators are lining up for another bull run.
Few things to consider: BCH is heavily influenced by the Koreans - market fluctuation/volume in Korea is something to definitely look out for when analyzing TA.
Currently:
1. BTC/BCH ratio is showing a confirmed bullish divergence distinguished from the 'RSI' and downtrend of the BTC/BCH ratio.
2. We see a typical textbook ABC correction after the previous 12345 wave up (correction was inevitable).
3. This may confirm the next bull run up (Elliot wave?)
4. Watch out for heavy resistance, look out for big sell walls.
5. HODL/SHORT it at your own risk.
Few things to consider: BCH is heavily influenced by the Koreans - market fluctuation/volume in Korea is something to definitely look out for when analyzing TA.
Currently:
1. BTC/BCH ratio is showing a confirmed bullish divergence distinguished from the 'RSI' and downtrend of the BTC/BCH ratio.
2. We see a typical textbook ABC correction after the previous 12345 wave up (correction was inevitable).
3. This may confirm the next bull run up (Elliot wave?)
4. Watch out for heavy resistance, look out for big sell walls.
5. HODL/SHORT it at your own risk.