SouthWest
Long

BCH vs BTC

BITFINEX:BCHUSD   None
BCHUSD has been testing long term resistance and accumulating for some time now. SMA cross-over signals trend reversal but with all eyes on BTC , alt/btc pairs have been getting crushed.

Latest BCH price action has been indicating a rally to ATH at $2,800 as people realise that longing BCH at these price levels will be more profitable than longing BTC . BCHBTC has much resistance to break, but a break of 0.14 would indicate strong bullish movement. With BTC nearing the top, RiskReward is much more favourable longing alts.

I expect much upside for BCH, a break of $2800 could indicate a rally to $4000+

Good luck
Comment: ATH broken. Should consolidate here before another leg up.
pretty good analysis ! we need more of this before 2018 !
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