A bullish set-up has developed for Bitcoin Cash on BitMEX (BCHU19). This is no surprise, of course, Bitcoin is retracing so the altcoins finally get a chance to breathe and grow... and the altcoins market is surely starting to heat up... Lots of profits can be easily collected with patience in the weeks to come.
Back to the chart...
We have a bullish triangle.
We can see that BCHU19 broke passively above EMA10. Now trading above EMA10.
Trading above POC.
Bullish RSI.
A great trade can come from this chart... I've done my part, make sure to hit like if you want to see the full trade details. If enough people hit like, we know that there is interest and we will share the buy-in, targets, stop-loss, and additional information.
Right now we have trades for:
LTCU19
XRPU19
TRXU19
This is not financial advice.
Thanks a lot for reading. Thanks a lot for the continued support.
Will it be alt season like before though? Last time, we did not have a plethora of stablecoins to move bitcoin into, everyone just moved into alts and so they went up during bitcoin retracing. I also notice when there is movement in bitcoin lately there is not much going on with alts rising with it. Is bitcoin not tightly linked to alts like before? I believe this time around we will not see huge alt coin rallys like last time, I think only the coins that have a purpose etc will rise this time around. Only time will tell. Whatya reckon Mr Masters?
AlanSantana
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@HowToBuyBitcoindotnetdotau, I believe everything will move.
It is not us moving the market but the robots and exchanges (whales). They will move this until it starts to move on its own.
They want it to become alive so they will support for as long as possible so we can all continue making money.
I believe we will see massive growth in a few months time. If not soon maybe after 8-12 months.
Harry_Seldon
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@HowToBuyBitcoindotnetdotau, I published my view on this recently, if you want to have a look. (look at my profile / ideas, I don't want to spam my stuff in Alan's trade)
AlanSantana
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@Harry_Seldon, Please feel free to share it with us...
Namaste.
Harry_Seldon
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@alanmasters, Here it is :
I also know it's against your doctrine to keep BTC, you're always investing in alts. That's why I didn't want to contradict you on your own trade idea :)