Yawn, YAWN, YAWN!
This is more of the same TA -- I don't know what to say, but this is boring. The orange dotted trendline is resistance and continuing to hold. While the appearance is bearish, the reality is we are range trading. If you can buy around $115.xx price level, I would say dollar-cost-averaging into that level would be a good way to begin your entry into this crypto. I haven't been posting because there is nothing new to post about. Nearly all the major crypto's are in a range and holding stable price action. I am nervous with BCH. There is too much bad blood with this crypto for me to feel comfortable with it. But, because it takes its marching orders from BTC, it has to be covered. I would think you could put your money to work elsewhere, but consider holding a little bit of BCH if you're of the feeling there is value here.
Outlook: Neutral -- range trading with $115 being the best price to enter BCH. I am not seeing anything to get excited about, but that could be said of the whole crypto market. It's getting tough to get views when there is nothing to review and so many people who can make this boring price action sound more exciting than I can!
If you just can't seem to get enough of Biff, leave a thumbs up and don't forget to follow me for my latest analysis and life events. I tweet out news and other information for people interested in the stock market and the crypto market.
Take care,
Biff
This is more of the same TA -- I don't know what to say, but this is boring. The orange dotted trendline is resistance and continuing to hold. While the appearance is bearish, the reality is we are range trading. If you can buy around $115.xx price level, I would say dollar-cost-averaging into that level would be a good way to begin your entry into this crypto. I haven't been posting because there is nothing new to post about. Nearly all the major crypto's are in a range and holding stable price action. I am nervous with BCH. There is too much bad blood with this crypto for me to feel comfortable with it. But, because it takes its marching orders from BTC, it has to be covered. I would think you could put your money to work elsewhere, but consider holding a little bit of BCH if you're of the feeling there is value here.
Outlook: Neutral -- range trading with $115 being the best price to enter BCH. I am not seeing anything to get excited about, but that could be said of the whole crypto market. It's getting tough to get views when there is nothing to review and so many people who can make this boring price action sound more exciting than I can!
If you just can't seem to get enough of Biff, leave a thumbs up and don't forget to follow me for my latest analysis and life events. I tweet out news and other information for people interested in the stock market and the crypto market.
Take care,
Biff
