this is a way to see four coin in a one chart. if more than zero stay with LTC, if zero plus stay with ETH, for zero minus is BCH(bitcoin cash) and if neagtive stay in bitcoin.
to see this four with precision is good a day scaled .
With a Bitcoin coin showing good flow, the circulation pumping of the major Altcoin will come.
For the first time, BCH will rise first.
The BCH/ETH chart keeps 15d MA and will rise to 1.45~1.5 ETH (200d MA) and then drop.
When BCH/ETH goes down for a while, ETH will be pumped.
. BitcoinCash(ABC)/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a...
I think, that current movement from Feb 18 is finishing. That move from 12 Nov 17 to Feb 18 must have a continuation somewhere to price 1, as I marked.
The point is:
- if cryptomarket will grow, ETH will grow faster than BCH
- if cryptomarket will fall, BCH will be falling faster than ETH
. BITCOINCASH/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support...
I want to show this simple trend analysis on Bch/Eth and why it is a great time to buy.
As you can see after we had got double bottom in the first week of feb the trend started to get positive again and right now we are on the lowest part of the trendline (Red One).. i don't think we will see 1.66 again for a long time.
Finally the triangle will be broken, BCH has to break that 2 strong resistances, after that BCH can fly.
In the other side ETHUSD are still in bearish mode.
This is a short term trade. Im not your financial advisor DYOR.