Longest Moving-Average line has now crossed shortest Moving-Average line again. Unless there's a very sudden shoot up again, MCO seems to have ridden its wave very nicely against BTC. I'm selling.
After an incredibly strong BTC bull market, my slow-moving average line (orange) has finally crossed the fast-moving average line (green), which has previously nearly always led to a downtrend. Although I'm still bullish on the overall bull trend of BTC, I expect a market correction.
**Not a financial expert, please trade after having done your own due diligence**
Ascending triangle and an arc that's moving up seem to indicate an upward breakout of BCC vs BTC. Fibonacci covers past support/resistance points nicely and will be useful indicators for support and resistance. Unstable BTC future (Segwit2x implementation?) can further lead to surge in BCC.
-- Not a financial advisor, trade at your own risk. --
