BCH - Still Bullish?
Hi, we expected something similar will happen when Bitcoin goes in correction mode. Now we have to figure out what is going to happen after that. As you see we have made a double bottom in RSI(43) and that is the first positive sign and I expect we are going to see (W) formation in RSI and in the chart, which I have drawn for you. The second positive thing is that both uptrends held. The third positive thing is that SMA50 so far has held. The fourth positive thing is that we have made higher high and we have not made lower low. I think the first move is that we are going to test the support level 630 that we lost yesterday, if we get above it, it is time to move further to 730.
We have to wait for more information. So be patient and don’t panic 🙌🏼 The altseason is right in the corner. 🤞🏼
We have to wait for more information. So be patient and don’t panic 🙌🏼 The altseason is right in the corner. 🤞🏼
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