Money Flowing out of Bitcoin Cash
TECHNICALS:
A great example of an ugly chart.
Bitcoin Cash perpetually careening downhill on the 60 minute hourly chart.
200 day period average sloping down, price continuously making new lower lows and lower highs.
Momentum is pointing lower.
This is the definition of a downtrend.
This is not something we want to buy into.
It's something you want to stay away from until you see clear signs of a bottoming pattern and a support level.
Just good to point out what a bad chart looks like sometimes.
FUNDAMENTALS:
This downward trend shows us that money is FLOWING OUT of Bitcoin Cash and most likely into Bitcoin itself. That is a good sign again of strengthening momentum in Bitcoin itself.
A great example of an ugly chart.
Bitcoin Cash perpetually careening downhill on the 60 minute hourly chart.
200 day period average sloping down, price continuously making new lower lows and lower highs.
Momentum is pointing lower.
This is the definition of a downtrend.
This is not something we want to buy into.
It's something you want to stay away from until you see clear signs of a bottoming pattern and a support level.
Just good to point out what a bad chart looks like sometimes.
FUNDAMENTALS:
This downward trend shows us that money is FLOWING OUT of Bitcoin Cash and most likely into Bitcoin itself. That is a good sign again of strengthening momentum in Bitcoin itself.
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Sign up to TradingView charts:
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Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。