tx512

Long on BTC and BCH but I favor BCH this time

Long
tx512 Updated   
BITFINEX:BTCUSD   Bitcoin
BCH and BTC are strongly correlated and I would be long on both.

My first decision is made on the real Bitcoin - BTC - because Bitcoin is the original one on which other cryptocurrencies are correlated and we see buy signals when using Ichimoku. The price is above the cloud and Tenkan Sen - the thin blue line - is above kijun, thin red one.


The BCH chart leads to the same decision


This time I prefer BCH because Ichimoku reveals a better opportunity on Bitcoin Cash via the BCHBTC chart that shows buy signals.


Trade closed: stop reached

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