BTC's pump to 10K is taking up all the air in the room, leaving little brother BCH with some anxiety. We see with BTC's slight pullback to 9.8K lets BCH move sideways a bit, highly inversely correlative pattern. If BTC continues to hit new ATH and breach psychological 10K, we could see BCH drop further down the red kumo causing price action to run below the red cloud of resistance, which makes this very bearish territory.
Good luck!
Good luck!
Comment:
Trend continuing down through red kumo as expected. If bounces up off kumo we could be back into a bullish zone, but if trend drops further down through the cloud, we are definitely into a bearish bias. With BTC holding BCH down with its attempts to crack 10k, I'm more bearish on BCH for the next couple days at least.
Comment:
We're seeing potential reversal for BCH as trend moving up to top the red kumo. Clear bull signal if price hits $1660 and trade strategy should go long.