BCH piggy back coin conundrum.
A bit of a gamble to make with BCH and indeed XRP.
Both these charts suggest more upside to come, but BTC looking like it has overstretched itself, set to consolidate, and then most likely, resolve bearishly. If this were to be the case, then would have to expect piggy back coins like BCH or XRP to follow.
With that said, both of these coins have a tendency to move very suddenly, and out of the blue, in a way that either pre-empts, or compensates for Bitcoin's actions....so whether to hold for higher profit objectives, cut losses and/or book smaller profits, is a bit of a gamble imo.........think I am going to watch what happens with BTC, first solid M structure on 4 hour BTC chart, and then I am out.
Both these charts suggest more upside to come, but BTC looking like it has overstretched itself, set to consolidate, and then most likely, resolve bearishly. If this were to be the case, then would have to expect piggy back coins like BCH or XRP to follow.
With that said, both of these coins have a tendency to move very suddenly, and out of the blue, in a way that either pre-empts, or compensates for Bitcoin's actions....so whether to hold for higher profit objectives, cut losses and/or book smaller profits, is a bit of a gamble imo.........think I am going to watch what happens with BTC, first solid M structure on 4 hour BTC chart, and then I am out.
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