We got some great action from Bitcoin Cash during the night. Lets have a look at the 4 hour chart:
Comment: Here we can see that Bitcoin Cash could form a bull flag before it will make another potential moon shot.
If Bitcoin Cash will break out from this bull flag, Im expecting it to go to 2000 in the next move.
Lets have a look at the daily chart:
Comment: Here we can see that Bitcoin Cash has never closed above 1570 so if we can do that, that would be really bullish.
When it comes to mining profitability, it is stll more profitable to mine Bitcoin Cash. Here is a screenshot from fork.lol
Comment: We can see that Bitcoin Cash has been more profitable on all three time frames, 6 hour, 1 day and 7 days.
Finally, lets have a look at the volume. Here is the screenshot from Coinmarketcap.com:
Comment: We can see that Bitcoin has a volume of USD 4,3 Billion versus USD 4,1 Billion for Bitcoin Cash. We have not seen these volume since the breakout that happened 2 weeks ago.
Happy trading!