BCH testing top of long term channel

2021年5月4日

BCH has been in a long term downtrend against BTC for awhile now. This channel goes back to 2018. If BCH breaks out of here it could be the start of a reversal against BTC. The VPVR also happens to be where the value area meets the most common volume area(1 S.D.), so a breakout here with 2 days of closes inside the brighter section of the VPVR would be extremely bullish IMO. I would start loading up on BCH, but that's just me and not financial advice

2021年5月5日

註釋

Breakout happened, but it hasn't held yet. Looking for the channel to be retested and prove support. If that happens, I would set a long term target at the VPOC at .04939 sats.

2021年6月1日

註釋

I think this is a good time to buy now, not financial advice