trademaster1969

#BCHUSD to retrace to $265 then up wards around $290

COINBASE:BCHUSD   Bitcoin Cash
BCH and all alt coins at the time of writing this are bearish because BTC is dominance is close to 60% of the entire market. Post Fidelity's news, which overrode Binance's FUD hack, causing an upside to BTC breaking 6000. Most coins follow grandfather BTC, so much in fact that any upward pressure on BTC too quickly will cause minimal growth on the ALT coins but BTC corrections will hammer down the ALT coin market.

BCH is trending down at the moment and appears to follow a fairly consistent pattern 2-3 days on swing. By the weekend may retrace around $265 - 270 support. It is overbought too.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.