BCHUSD continues to fall in price. We recommend to those who joined the bears with us to keep the position. All other investors are advised to refrain from transactions today.
Priority of the day: neutral position on BCHUSD.
Now we can see downwards momentum on Bitcoin Cash. It is risky to join the fall of the BCHUSD rate today because there can be a strong bounce upwards of the price.
Profitable prices for the purchase of BCHUSD are still in the zone: $1150-$925. It is better to sell BCHUSD near $1600, or at the best prices in the area: $1772-$2020. We will be able to see something more specific only after the end of the BCHUSD rate fall.
Projected scenarios:
1. Watch the developments of Bitcoin Cash.
2. BCHUSD will continue to drop or bounce sharply with 50/50 probability.
An alternative scenario:
Nothing will happen until the end of the weekend.
Priority of the day: neutral position on BCHUSD.
Now we can see downwards momentum on Bitcoin Cash. It is risky to join the fall of the BCHUSD rate today because there can be a strong bounce upwards of the price.
Profitable prices for the purchase of BCHUSD are still in the zone: $1150-$925. It is better to sell BCHUSD near $1600, or at the best prices in the area: $1772-$2020. We will be able to see something more specific only after the end of the BCHUSD rate fall.
Projected scenarios:
1. Watch the developments of Bitcoin Cash.
2. BCHUSD will continue to drop or bounce sharply with 50/50 probability.
An alternative scenario:
Nothing will happen until the end of the weekend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.