Bitcoin Cash Update: Up 20% For The Day, Was Up More Than 40% Earlier... (Video)
I woke up this morning and got a nice surprise. Bitcoin Cash was up 20% against Bitcoin and it was actually up 40% earlier in the day. Lets have a look at the chart:
Comment: Today we have a much higher volume than normal, that is obviously a good sign. It is the best volume since the first major move to the upside back in the middle of August.
If you were smart enough, you noticed that it broke the trendline to the upside 2 days ago and bought back then. I did not see that but that was a great entrance.
When it comes to the moving averages, we need to close above these in order to stay bullish. That could happen today or tomorrow, I will probably do a video after the daily close at midnight UTC.
What is really good here, is that Bitcoin Cash is right now at the very top of Crypto Watsons Twitter Top 10 list. Here is the screenshot:
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Link to Crypto Watson: https://twitter.com/CryptoWatson?lang=en
Finally, the stochastic is still below 20 and if we will go above 20, this could be a very nice move, all the way up to 80.
Happy trading!