The BCH/BTC pump and dump is over, when the dust settles money will flow back into the original Bitcoin again, strong absorption volume has occurred and price has bounced right off the top of my weekly channel
6800 has shown some serious resistance.... I have 2 channels working off a larger time frame and price has broken my daily channel, price should head back down to test the upper channel of my weekly channel
I know a large majority of the market are on the short bias..... however today's price action confirmed to me that this pair is preparing for a breakout.
114 looks like a pretty solid level, with the heavy shorts stacked, it might just add fuel for a nice short squeeze.
-Bitcoin has had a huge run recently and starting to show a bit of weakness
-However the market cap of crypto is not falling but rather bitcoin's dominance is
-Money is now likely to flow into the alts and litecoin shows strong signs for a bullish run