in my opinion, the constellation at bch doesn't look good. the downward trend has been tested twice. bch was able to recover afterwards. currently there could be another downward wave. the question is whether the bch can recover again. but the basic question is: is the bch a real alternative to btc? for the upcoming changes in btc, btc will continue to hold its position as the leading currency. bch is a normal altcoin. as such, I would rate the bch currently overvalued. should the bch maintain its position in relation to btc, a significant increase would be possible. the rise would then be out of the just emerging decision triangle.
Let's see what happens. Happy trading. :-)
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bch (bcc) is currently difficult to analyze. no clear patterns are visible. everything is possible. sorry for this vague statement. my trend statement is still falling because the decision triangle has been broken down. but that can turn very quickly.
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bottom of trendline touched. up possible.
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support at 400. let's see if it's stable.
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BCHUSD BCC (8h) close-up of the current situation
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a new trend channel down could be possible.
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bch update. let's see where we're going.
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no strong performance compared to the other cryptos. let' see.
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BCHUSD (4h) update: The downward trend has not yet broken.
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BCHUSD (8h) update: the down trend continues. we are currently moving towards the end of a decision triangle. if this should be broken down, then the next big support could be at 100.
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BCHUSD (8h) update: out of the box? let's see ...
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BCCUSD (8h) update: maybe it's just a flash in the pan.