BCH Bearish Continuation. SHORT!
Bitcoin cash is holding a tight downward channel that is clearly defined and respected when viewed on logarithmic scale. 50 MA playing an important role here. Short the continuing pattern. Target ~$300 +/-$20
BCHBTC broke out of the channel during the late September pump but this rally could not be sustained.
BCHBTC suggests a short entry when we fall below the yellow line. BCHUSD suggests a short position and a double down below the yellow line. Exit positions when we hit the bottom of the channel. Yellow box is target zone.
Note: This is Bitfinex price data.
BCHBTC broke out of the channel during the late September pump but this rally could not be sustained.
BCHBTC suggests a short entry when we fall below the yellow line. BCHUSD suggests a short position and a double down below the yellow line. Exit positions when we hit the bottom of the channel. Yellow box is target zone.
Note: This is Bitfinex price data.
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