BCH daily ... are you gonna shock us?

As much as BCH may well be the better/purer version (when they sort the hash) - I think a bearish retracement/price flip is upon us today/tomorrow'ish. I do not feel this will be deep from it's recent highs - I hope not for various reasons.

I predict a touch of the supply (light blue line/smaller arrow) and a pull-back. The upper larger arrow is there because in these carzy times there are crazy spikes! This is why I Iabel this chart as 'neutral" - as we might all be shocked before any 'pull back'.

- all the best -
Nov 01
Comment: Added volume curve. If we break free of this band - up we go.

Nov 02
Comment: I do not want to get into the politcis of all this, it's terrible. Innovation is great though. ANyway. BCH is sitting above it's own volume fuel/resistance. This means that it is even posible that today we could suddenly hit the higher supply (large red arrow). Is this probable? I cannot tell anything anymore after watching BTC!!!
Im doing day trade with that beauty! Weekends in crypto are stunning periods. I think thats gonna be red in the next days, and on sunday, monday... Will follow the big brother in 10%... BCH will hit 700sh soon! :D
Good analysis. I am also keeping an eye on this coin. Bought at $500 again after coming all the way down from $548. I hope it goes in our favor.
+1 Reply
4XXXX georgime
@georgime, hi, that the price is now above the pink line is significant. When this band goes horizontal it is very weak. I feel we might have quite a surprise with this asset ... we can wonder what could cause that to happen (segwit implentation on BTC / better hash function on BCH)??? We shall see. Thanks for your input.
+1 Reply
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