The green with the blue fill is ₿itcoin's live price, The dark pink is BCH's dollar value and light pink being BCH/₿TC ratio.
I watch this price action closely so I can spot divergences on BCH's next rally, they generally track in the opposite direction ₿TC is dominating but when BCH is building up for a rally the price action begins to diverge prematurely temporarily tracking ₿TC's rally upwards opening up an easy to spot entry point. When they begin to diverge back to opposite movements BCH stops its price mirroring of ₿TC setting up your BCH exit point.
EXAMPLES
Showing price tracking to Bitcoin dominance then the divergence setting up a Bitcoin Cash entry
Showing current price movement
All of this should be used with your typical momentum indicators but it is an effective tool to watch in tandem.
@crypto_core, From the time I wrote this comment, it was 19 hours ago. Sorry, our time zones are different.
CryptoKid26
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Thanks for insight. I've been accumulating. What's your stop-loss if you have one? Also what do you think the adding of BCH to Coinbase on January 1 will do? Do you see a lower price because of the flood of new supply and people selling?
Nick_Core
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@CryptoKid26, My stops are based on the market conditions at the time, on Coinbase I am not sure yet, yes a massive amount comes on the market so it should deflate the price, but at the same time there is lots of buyers. That being said I am a Bitcoin supremacist. :) That is another conversation in itself, this is simply a tool for traders to watch for.
CryptoKid26
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@crypto_core, Thanks. Yea even if BTC Supremacist, you can still trade BCH. I noticed what you pointed out (Not to this extent/detail). The fact most people won't buy for a trade out of principle that its BCH makes me question Dogmatic power of cryptos