Found a possible bullish flag for the BCH-BTC pair. Currently, BCH is sitting at .15 BTC. If this trend continues, BCH can make a run for .19 BTC which is very close to the 1.618 fib line. This trend is invalid if the price breaks down from the lower part of the channel.
RSI is at above 55 on the 4-hour chart showing strength and a bullish sign.
**NOTE** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me.
**DO NOT use my published ideas for making decisions.
Recommendations are welcomed.
Again, I am not an experienced trader.
RSI is at above 55 on the 4-hour chart showing strength and a bullish sign.
**NOTE** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me.
**DO NOT use my published ideas for making decisions.
Recommendations are welcomed.
Again, I am not an experienced trader.
Comment:
Waiting for BCH to breakout above the current channel. It currently sits at .14 BTC and moving closer to the breakout line. Good luck.
Trade closed: stop reached:
BCH has price has broken down the channel. Trading has reached our stop price at the below part of the channel.