BCH is one of my favorite cryptos because of its tendency to pump a lot faster than others. Who wouldn't love to catch that wave?
Using this channel (thin lines) you can more easily predict where BCH is going, whether it is a pump or a correction of a pump. I like holding my shorts/longs just inside that channel to make sure I don't get too greedy like I used to be.
The thick line is to determine a breakout of this channel, and that breakout can be our next big classic BCH wave you always see while you have your money on other cryptos. Don't be on a wrong train when BCH goes up.
Also, hold your stop loss below the lower part of the channel. If BTC gets a correction (which I think it will), other cryptos will follow as well. Full green line is the current big support level that got switched from the most recent resistance level. Breaking that support level along with the channel will give us a correction.
Using this channel (thin lines) you can more easily predict where BCH is going, whether it is a pump or a correction of a pump. I like holding my shorts/longs just inside that channel to make sure I don't get too greedy like I used to be.
The thick line is to determine a breakout of this channel, and that breakout can be our next big classic BCH wave you always see while you have your money on other cryptos. Don't be on a wrong train when BCH goes up.
Also, hold your stop loss below the lower part of the channel. If BTC gets a correction (which I think it will), other cryptos will follow as well. Full green line is the current big support level that got switched from the most recent resistance level. Breaking that support level along with the channel will give us a correction.