✳️ Bitcoin Cash Finds Support, Higher Low & Relation To Bitcoin

١١ فبراير

A higher low has been confirmed late 2023, early 2024 for the trading pair BCHBTC.

How are you feeling in this beautiful Sunday my fellow Cryptocurrency trader?
Let's dive into this Bitcoin Cash chart together.

Let me start by telling you that I am strongly bullish on this pair. The fact that we have the chart is one thing but when you combine strong bullish signals together with the market cycle it is just potent... Let us see how it goes.

➖ BCHBTC produced a strong higher low recently compared to mid-2023.
Within this higher low we have three price bounce off support (blue line) and today a break of EMA50 as resistance is taking place.

➖ We also have a volume breakout supported by a strong RSI. That's like eight classic bullish signals combined. You know these are the same bullish signals we have been using since 2017 and they simply work great, it is amazing.

One signal in isolation means nothing, can even be bad but see here, we have a multitude of bullish signals combined.

We are expecting a correction on the BTCUSD pair and this can match BCHBTC going up.

Just as I mentioned in the TWTUSDT trade idea, we can ignore the partial inverse relation because this chart is really strong on its own. But we like to look around for proof that supports our bias.

If we see a bearish potential on the Bitcoin chart on a bullish trend, we have to have plenty of confirmation from other sources or else we just adapt and change.

Wishing you success, wealth, health, profits, prosperity, joy and fun.
I am sending you good vibes now... Let's hope we can all succeed together, achieve abundance and long-term growth.

You deserve the best.
We are all humans and we all make mistakes.
Life will always give you a second chance and third, and fourth and more... We are eternal living souls.

Thank you for reading.

Namaste.