SamHuynh
Long

BCH-USD bull cycle of the monster is back

profit from bitcoin trading is so tiny right now
in term of percentage wise, BCH is much better
Bull cycle is back so we can 't skip the hated BCH :)
im waiting for a correction to join the party
Comment: correction is coming
Comment: we stop at the downtrend resistance.
2 possible scene:
1. we will break it and target 1k. However considering that BCH is following btc and BTC looks top for now and due for a retracement. So this scene is less likely
2. Right now it looks like a double top (both chart and RSI), so we might have a pullback again.

In conclusion, a break of the downtrend line will tell us where BCH will head next

I also check BCH-BTC. It looks bottom but not quite yet , still have few more weeks(1 or 2) for finding true bottom . So right now BCHUSD should follow BTCUSD exclusively
Trade closed manually: new post :)

Comments

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