Bearish thesis: If current support level (green rectangle) between 518 to 536 breaks then it's coming down to the next support rectangle between 408 to 417.
Bullish thesis: Red rectangle (648 to 657) needs to break to move higher.
Bullish thesis: Red rectangle (648 to 657) needs to break to move higher.
Comment:
Something worth noting (see chart below). BCHUSDShorts are at ATH and showing Bearish divergence indicating a short squeeze is highly likely.
Comment:
Bearish thesis played out as can be seen on my first post on 10 November 2018 (scroll up to check this out). What's even more convincing is that it bounced off of the green rectangle to the damn pip.