The channel the price is moving in was created from the initial larger upward wave. After it retraced from the massive move, it fell back into this channel and has respected it on a larger time frame almost perfectly.
I don't think BCH flew all this way to touch Eth marketcap only to be sold down into oblivion.
@KevinWatson, thanks. Rsi will be turned around soon. Pack your bags.
dacaldelas2
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@johndemo, WHen you say soon, how soon (approx) that could bee
johndemo
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@dacaldelas2, best guess is in the next 12-48 hours we'll see another leg up at least
dacaldelas2
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@johndemo, thanks i appreciate the info. i'll follow you
johndemo
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@dacaldelas2, don't follow me yet.. i actually don't know for sure yet. Haha I'm just learning about rsi now.
Anoinvest
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@johndemo, well I do recommend to take a look at the RSI on more time frames ;) chech this one on 1D BTW I do recommend not to trade only on the RSI basis, look for more confirmations, MACD, supports etc. Wish you a happy trading. Cheers
johndemo
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@Anoinvest, this is crypto.. isn't that an indicator for forex where you dont have a currency capable of going up 1000%+ swings?