🔥 BCH Bearish Break Out From Channel

With BTC falling, alts are losing value rapidly. One of them is BCH.

BCH has been trading inside a bullish channel since the major sell-off at the end of may, but it appears that a new bullish period has arrived. Keep in mind that BCH is highly correlated to Bitcoin, thus a bullish move could render this break out to be fake. On the other hand, BTC appears bearish in the near future, so a move downwards of BCH is to be expected.

Happy trading!

評論:

"but it appears that a new bullish period has arrived" should be a bearish period. Typo.

As we speak there's been some good NFP news coming out of the US. Monitoring closely.