-gdax will resume bitcoincash trade for EU costumers.
- Market short term sentiment is turning bullish again (slowly)
- Long period of consolidation inside the channel (2200;2700)
- 1 breakout, but Korea fake news killed the momentum.
Any contribution will be welcome!
Deconstruction of Head and Shoulders Pattern.
-Not Always but volume on the left shoulder should be higher than during the advance of the head. Thus decrease in volume and the new high of the head should serve as a warning. The other warning is when volume increases during the decline from the head then decreases during the advance of the right shoulder....
To me it looks very clear the abc correction.
We need this, it shows that crypto market is not pure insanity.
First of all we need to see that 10k usd resistance going down so we can buy from the dip.
I would recommend buying a few bucks at 11k ( long term will be great).
Some comfort words for...
coinbase just started to trade bcash once again 2 hours ago.
when the lines intersect on the macd chart it will be a great bullish sign
we are going to test again the ATH possible going to 5k in a few hours.
be aware of the risks.
BITFINEX:BCHUSD broke up the triangle and went far as 2000 usd last night and it quickly went down to the 1700 usd mark.
All eyes are on COINBASE:BTCUSD and that's may be the cause of bicoincash lack of strength.
Relative strength index(RSI) is neutral and its a good sign, also the MACD just passed the neutral zone at 0.
The chart is lined up to have a even...