BCH broke the trendline with decent volume yesterday, moving with the rest of the market but has yet again found it hard to break that $500 psychological barrier on its second attempt. I think it will take a leg higher in BTC for it to muster the strength pierce that supply area before moving quickly to $530 as RSI seems to be turning over right now, which mirrors our outlook on a pullback right now.
BTC is the driver, even though some are saying XRP is driving the market at the moment. Don't get confused, Bitcoin will dictate where we go next and everything is looking very hot right now so be smart and patient! You're better off waiting for a pullback where the S/R flip occurred near the demand zone than doing anything here.
Thanks guys!
BTC is the driver, even though some are saying XRP is driving the market at the moment. Don't get confused, Bitcoin will dictate where we go next and everything is looking very hot right now so be smart and patient! You're better off waiting for a pullback where the S/R flip occurred near the demand zone than doing anything here.
Thanks guys!