Bitcoin Cash Trend Reversal

18 Nis 2020

We can spot a trend reversal here on Bitcoin Cash. After a downtrend of about 10 days, it seems like we've hit a temporary bottom.

I've charted the new uptrend in this slightly diverging upward channel. The road upwards is never without issues, so I expect a few bumps here and there. It is exactly on those bumps that I suggest to take the long position.

Don't FOMO into the buy now as it has already increased a lot suddenly in the last hour.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

19 Nis 2020

Not

So far this is playing out perfectly.



We're reaching levels below our initial buy zone, so I would suggest to wait for the price to bounce off the bottom support line and then go in for a LONG trade