For more information read the 'Fake-breakouts-everywhere' idea below
We can see the channel is broken on the uptrend which creates an explosive breakout. What we need to remember is that Bitcoin price movements affects everything and as a result when BTC/USD bounced off its resistance (upper channel wall seen in my first channel example - link below) the BCH/USD took a dip. Given the bear market we are in - this channel breakout, albeit explosive might be short lived.
We can see the channel is broken on the uptrend which creates an explosive breakout. What we need to remember is that Bitcoin price movements affects everything and as a result when BTC/USD bounced off its resistance (upper channel wall seen in my first channel example - link below) the BCH/USD took a dip. Given the bear market we are in - this channel breakout, albeit explosive might be short lived.
