Hello dear readers,
Don't forget to hit that like button!
I have found something very interesting that you all might want to see.
Bitcoin Cash, a fork of the original Bitcoin, is the 6th largest cryptocurrency by market cap, which makes it a very popular coin for investors.
(On a weekly time frame) I have discovered that the money flow index is the same level as it was when BCH was trading above $1000+, around $1400. Current price is $165.
This means huge amounts of money is coming into this coin, an amount that has not been seen since May of 2018.
What could this mean? I believe it could indicate accumulation of this coin. A bullish sign indeed.
There is room for BCH to trade higher and I believe the prices are a bargain right now.
We could see $300 range by December of this year.
What do you think? Why is the money flow so high right now while prices are barely moving?
-Shaggad
Don't forget to hit that like button!
I have found something very interesting that you all might want to see.
Bitcoin Cash, a fork of the original Bitcoin, is the 6th largest cryptocurrency by market cap, which makes it a very popular coin for investors.
(On a weekly time frame) I have discovered that the money flow index is the same level as it was when BCH was trading above $1000+, around $1400. Current price is $165.
This means huge amounts of money is coming into this coin, an amount that has not been seen since May of 2018.
What could this mean? I believe it could indicate accumulation of this coin. A bullish sign indeed.
There is room for BCH to trade higher and I believe the prices are a bargain right now.
We could see $300 range by December of this year.
What do you think? Why is the money flow so high right now while prices are barely moving?
-Shaggad