It is a long time that I didn't talk about BITCOIN CASH. BCH is dropping since weeks now and we could have a change of trend soon or a new acceleration in the drop.
Look that long term chart :
We can put all the market moves since the creation of BCH inside a big triangle which will end quite soon.
Look now that second more recent chart (from September 28 till now) :
We have again a new triangle which will end also in some hours.
It is quite sure that we will have a nice break out soon. The difficulty is to determine if it will be a bull break out or a bear break out. These 2 triangles are most of the time bullish because they are pointing down and the entry inside the triangle is done via the bottom side.
However as I say always, it is not an exact science and I would say there is 80% probability to have a up and 20% a down.
What to do in that case? NOTHING (too much dangerous)
Just wait that the break out starts and follow the move. This kind of movement is most of the time so important that it is easy to make some nice dollars in some minutes or hours.
Take care all,
Disclaimer : Never invest more than what you can afford to loose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BITCOIN CASH - A l'intérieur de 2 triangles - Gros break out sous peu