BCH and BTC - Double Agents and Resistance
Stats:
RVI - Dipped today and yesterday, expected from the last charts I posted.
VI - (-) Indicates that we have some more sales coming
VI - (+) Indicates that even with sales, we still have a bull run going (at least for now)
Volume - Highest volume this month, which is good signs for a bounce when combined with RVI and VI.
BTC/USD - BTC has been on a tare as well, however the past 2 days it also dipped. As BCH's value is intimately intertwined with BTC (trading BTC->BCH) we would expect that with BTC falls, BCH will fall.
BTC is currently encoutering MACD resistance, and BCH is beginning to stall out to find a new support line. The most immediate support would be 1317 by calculation, or 1300 as a mentally pleasing number. If we see continued to support at 1300, we can expect that over the next week we will have volatility between 3-6% of its current value (approx 1300 to 1400).
RVI - Dipped today and yesterday, expected from the last charts I posted.
VI - (-) Indicates that we have some more sales coming
VI - (+) Indicates that even with sales, we still have a bull run going (at least for now)
Volume - Highest volume this month, which is good signs for a bounce when combined with RVI and VI.
BTC/USD - BTC has been on a tare as well, however the past 2 days it also dipped. As BCH's value is intimately intertwined with BTC (trading BTC->BCH) we would expect that with BTC falls, BCH will fall.
BTC is currently encoutering MACD resistance, and BCH is beginning to stall out to find a new support line. The most immediate support would be 1317 by calculation, or 1300 as a mentally pleasing number. If we see continued to support at 1300, we can expect that over the next week we will have volatility between 3-6% of its current value (approx 1300 to 1400).
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.