tobymortimer
Short

Short on BCH/BTC through July down to as low as 0.124

BITFINEX:BCHBTC   None
BCH not looking likely to break trend from recent high and facing key resistance at .154. Fast descending trend line was broken at .124 where we bounced off of strong support. However, I suspect that we stay under the downwards trend and head towards support at the bottom of the channel, likely retesting .124 again.

Comments

This was just a bounce. It always gravitates towards 0.09. It all depends on BTC. If it crashes to 6k or 5k.. BCH may go to 0.07...
Reply
tobymortimer tradewizz
@tradewizz, true, I won't be looking to open a position above .09, definitely think we'll be staying in the red-zone over the next month and as you say, possibly breaking down to <.10
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out