Like it or not Bitcoin Cash needs to follow Bitcoin!

19 de fev. de 2018

Bitcoin Cash is finfing it difficult to generate higher lows and higher highs which has kept it in an ascending triangle. It is getting close to making a decsiion one way or another but no matter how much it would like to knock BTC off its perch, it just isnt going to happen here. Right now, still below its 200 day MA, BCH needs for BTC to make the run to 10600 so that the correlation helps push BCH over that 200 day hump. BCH is also trying to build an upward channel but struggling to do so. If BTC doesn't help out and BCH decides to take a step back we do have resistance at 1450. If that doesnt hold though we will see BCH fall to 1300 again. RSI and MACD are setting up to give room for a push through the 1560 resistance but again, its all on BTC for that to happen!