TradingView
Crypto_ocean
Aug 14, 2018 10:02 PM

BCH / USD Long

Description

#BitcoinCash
I think the latest support will be strong and the likelihood of maintaining it is great
So what do you think?
Comments
adams025
Those who think BTC remaining strong is going to save Altcoins you need to look at the ratio of between BTC and the top Altcoins. BTC is separating from the Altcoins. Don’t be surprised if BCH continues to fall toward $400 or $300, and the ratio gets worse.
Crypto_ocean
@adams025, That's exactly what I'm saying in the analysis
adams025
@Crypto_ocean, yes I was just pointing out that Altcoins are getting weaker against BTC. I think your target is line with what I see from the charts, and what I’ve read as well. Unfortunately, gauging the direction of Altcoins based upon the strength of BTC is going to get harder as they become weaker and BTC doesn’t. Honestly, I would suspect a large percentage of the Altcoins will be gone soon if we continue on the March down.
Crypto_ocean
@adams025, The Altcoins projects and their strength will determine the extent to which they will bear in the coming period.
we will see
skylord66
How soon we should expect descending?
Crypto_ocean
@skylord66, I think if this happens, it will not be far away
and maybe not happening
barry25
If BTC holds then yes otherwise i think this is a weak area
Crypto_ocean
@bhinderjit, Maybe
We will see in the coming days
More