BCH breaking below 1,170 support level. Next support at 1,000-1,050.
Looking at how long BCH has been consolidating around 1,200-1,400, i think it is ready for a takeoff after hitting support at 1,000.
If BCH breaks 1,000 support, next support should be 800-900. I think it will be very hard for BCH to go below 800 after all the accumulation around 1,200.
If BTC doesn't break resistance around 7,300-7,500, we could see BTC going down testing 5,500 support again and BCH being a mirror to BTC this week we could see it testing 2,800 resistance again. So far this week BTC and BCH has been the perfect hedge, and right now BCH is alot more bullish imo.
Pile up and get ready for some exciting times, BCH has alot of potential. Magnified by all the problems BTC is having with high fees, and slow transactions, and it's only getting worse.
Looking at how long BCH has been consolidating around 1,200-1,400, i think it is ready for a takeoff after hitting support at 1,000.
If BCH breaks 1,000 support, next support should be 800-900. I think it will be very hard for BCH to go below 800 after all the accumulation around 1,200.
If BTC doesn't break resistance around 7,300-7,500, we could see BTC going down testing 5,500 support again and BCH being a mirror to BTC this week we could see it testing 2,800 resistance again. So far this week BTC and BCH has been the perfect hedge, and right now BCH is alot more bullish imo.
Pile up and get ready for some exciting times, BCH has alot of potential. Magnified by all the problems BTC is having with high fees, and slow transactions, and it's only getting worse.