IvanLabrie

BCHUSD: If $BCH manages to break over this zone next month...

Long
IvanLabrie Updated   
KRAKEN:BCHUSD   Bitcoin Cash
It might trigger a bullish signal from this zone, I don't know if it will be viable to trade it, to expect a profit in $BTC terms, but it will likely be tradeable using USD, or margin positions at FTX with BTC collateral, as long as risk is under control.
Upside suggests it can rise over 2k usd over time as per the green box and white arrow.

Cheers,

Ivan Labrie.

PS: BCH is not the real Bitcoin, nor is BSV.
Comment:
It is close to triggering the bullish signal here.


Safe to say it will confirm soon.
Comment:
Could remain sideways for longer, but if #BTC recovers it might jump as well.
Comment:
Acting weaker than btc of course, USD chart fighting resistance.
Comment:
Acting as expected overall, which is remarkable.
Trade closed manually:
Considering it's BCH, that was a pretty decent rally.

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.