Hello all,
We are currently at an important momentum for the Bitcoin Cash.
Why? Look the chart :
We just did a very little break out from the triangle by the bottom side. We could think, yeah it is ok, the Bitcoin Cash is finished and it will go deep and deep and deep. Yeah it is possible, look the red line that I traced ;-)
BUT, from my experience in trading, I know also that sometimes, just before a very nice break out UP, the market is going quickly under the triangle (failed break or false break out) to go up very powerfully just after. So I will have a very close look now on Bitcoin Cash and if we go back in the triangle, we could see a very nice break out UP.
Now if we are not able to go back inside the triangle very quickly, I can confirm you that we are experiencing a very bearish trend...
Take care all,
Cryptopassion.io
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 - Nous sommes en dehors du triangle long terme - La suite?