₿itcoin to Bitcoin Cash Live Divergence Early Indicator
The green with the blue fill is ₿itcoin's live price, The dark pink is BCH's dollar value and light pink being BCH/₿TC ratio.
I watch this price action closely so I can spot divergences on BCH's next rally, they generally track in the opposite direction ₿TC is dominating but when BCH is building up for a rally the price action begins to diverge prematurely temporarily tracking ₿TC's rally upwards opening up an easy to spot entry point. When they begin to diverge back to opposite movements BCH stops its price mirroring of ₿TC setting up your BCH exit point.
EXAMPLES
Showing price tracking to Bitcoin dominance then the divergence setting up a Bitcoin Cash entry
Showing current price movement
All of this should be used with your typical momentum indicators but it is an effective tool to watch in tandem.
I watch this price action closely so I can spot divergences on BCH's next rally, they generally track in the opposite direction ₿TC is dominating but when BCH is building up for a rally the price action begins to diverge prematurely temporarily tracking ₿TC's rally upwards opening up an easy to spot entry point. When they begin to diverge back to opposite movements BCH stops its price mirroring of ₿TC setting up your BCH exit point.
EXAMPLES
Showing price tracking to Bitcoin dominance then the divergence setting up a Bitcoin Cash entry
Showing current price movement
All of this should be used with your typical momentum indicators but it is an effective tool to watch in tandem.
All posts are for educational purposes and are simply my views of markets conditions.
Please do your own research and use my content to educate yourself.
Please do your own research and use my content to educate yourself.
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