BCHBTC seems to be breaking out of a near-picture-perfect falling wedge that has formed since December. 24H MACD and RSI indicating a possible reversal. Combine this with fear in the BTC markets outlined in a LTC idea here, and we have the potential perfect storm. BCH may be viewed as a potential alternative to any disruption of the BTC network... keep an eye on it.
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looking for support at the trendline before starting to build a position.
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trendline holding for now...
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hidden bullish divergence on shorter time frame suggests trend continuation
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BCHUSD looks ready to add to the action as well
Trade ativo
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BCHUSD thinking about breaking out with strong bullish divergence, will cause a nice breakout on the BCHBTC chart as well
Trade fechado manualmente:
backing out at barely above break-even to watch for better entry. looking for confirmation of upwards continuation before entry... looking too unsure for me to comfortably hold long.
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needed to extend that wedge's lower support line and wait for one more bounce to have had the perfect entry. missed this one by being about a month too early... oh well.