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PolarHusk
Dec 21, 2019 6:23 PM

BCH/BTC TA Update (Painting a Bear Flag?) Short

Bitcoin Cash (BCHN) / BitcoinBittrex

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BCH/BTC

BCH broke the support area between 2690000 - 2630000 sats and currently struggling to get above the old support.
If Bitcoin Cash is unable to get above 270000 sats, I expect further downside to retest the old swing low at 240000 sats regions.
Though RSI is too extended below oversold conditions, we might see a pullback to the upside.
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