KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
BCH is trapped between strong support and resistance levels.
I'm looking for a move to the upside.
Comment: Overlay of December to April candles
Comment: If we're going down linear chart is last chance for BCH
Comment: needless to say BCH broke out of the local downtrend (main chart) and is no in a holding pattern at 900, which is expected resistance level. If we move above this then 1200 comes into play

Comments

Look at the BCH/BTC pair. The game is simple. If BTC goes down, BCH will go down as well because there is no chance at the moment I see the BCH/BTC pair goes up without a big news.
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RealMcafee s0dafire
@s0dafire, everything moves with btc, but btc is the least easiest to read properly
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s0dafire RealMcafee
@RealMcafee, It was sad so see BCH couldn't hold $800 for a long time. Looking to buy in a $590-$620 range. Maybe we see a triple bottom at $650 which should result in a bigger upmove, but the $4,7k range for BTC is still in play, so BCH could drop futher than that. I also want to see a better bull rally but that's what it is at the moment. We surely at an equilbrium: Longs and shorts for BCH are also on the same level.
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