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Medium term Parabolic RSI divergence
Lot's of interesting signs on BHC/BTC coupled with a steady stream of good news coming out for BCH(Bitpay launch, Gemini announcement etc).
Daily PSAR flip will happen around .1135, previous flips after long downtrends like this have popped 100%+
Volume and volatility picking up after the medium-term trendline break confirm that something new is happening.
~.105 is the long term support trendline. A decisive break below that could mean .07, personally I think that's highly unlikely.
Looks like BCH has a few more "true believers"/real institutional investors intending to use it for something. This should restrict the selling side of BCH a bit more than BTC.
bitinfocharts.com/comparison/top100cap-btc-bch.html
prnewswire.com/news-releases/sbi-bits-and-nchain-announce-strategic-partnership-to-support-cryptocurrency-security-and-bitcoin-cash-300567948.html
Daily PSAR flip will happen around .1135, previous flips after long downtrends like this have popped 100%+
Volume and volatility picking up after the medium-term trendline break confirm that something new is happening.
~.105 is the long term support trendline. A decisive break below that could mean .07, personally I think that's highly unlikely.
Looks like BCH has a few more "true believers"/real institutional investors intending to use it for something. This should restrict the selling side of BCH a bit more than BTC.
bitinfocharts.com/comparison/top100cap-btc-bch.html
prnewswire.com/news-releases/sbi-bits-and-nchain-announce-strategic-partnership-to-support-cryptocurrency-security-and-bitcoin-cash-300567948.html
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