New Chart Tool - New Idea (BCH needs to take a power nap)
BCH has had two great weeks, and unfortunately, BCH needs a much needed nap.
MACD - Signal line will be crossing over, signalling a sell off is to be expected, however what is not so expected is that the market will probably just settling no lower than 1300 (1st support) or less likely 900 (2nd support)
BCH/BTC indicates that the value of BCH is starting to separate from BTC, however it should be noted that every trade from BTC->BCH still will require success for BTC. If BTC falls, BCH will fall.
VI is indicating that we still have postitive momentum, however we aren't bouncing as quickly as we have in the past.
Volume is still plentiful, but we're not even close to levels back in November.
Remember, we're still in a bear market. I will not confirm or deny that I will purchase or sell during this questionable period, and I do not advise, I only observe. You make the trades, good luck to yall. Best piece of advice I ever got was, think like a shark.
MACD - Signal line will be crossing over, signalling a sell off is to be expected, however what is not so expected is that the market will probably just settling no lower than 1300 (1st support) or less likely 900 (2nd support)
BCH/BTC indicates that the value of BCH is starting to separate from BTC, however it should be noted that every trade from BTC->BCH still will require success for BTC. If BTC falls, BCH will fall.
VI is indicating that we still have postitive momentum, however we aren't bouncing as quickly as we have in the past.
Volume is still plentiful, but we're not even close to levels back in November.
Remember, we're still in a bear market. I will not confirm or deny that I will purchase or sell during this questionable period, and I do not advise, I only observe. You make the trades, good luck to yall. Best piece of advice I ever got was, think like a shark.
