The above chart shows:
👉Bitcoin cash suffered a downside break of the rising channel (marked by blue channels) and a bearish symmetrical triangle breakdown yesterday.
👉The relative strength index (RSI) fell below 50.00 into bearish territory yesterday, possibly signaling more losses ahead.
👉BCH ran out of steam at $1,545 earlier today and fell back to $1,350 levels.
👉The decline from $1,545 to $1,350 also marks a failure to hold above the 5-day and 10-day moving averages (MA).
👉Further, the 5-day MA and 10-day MA are sloping downwards in favor of the bears.
👉Bitcoin cash suffered a downside break of the rising channel (marked by blue channels) and a bearish symmetrical triangle breakdown yesterday.
👉The relative strength index (RSI) fell below 50.00 into bearish territory yesterday, possibly signaling more losses ahead.
👉BCH ran out of steam at $1,545 earlier today and fell back to $1,350 levels.
👉The decline from $1,545 to $1,350 also marks a failure to hold above the 5-day and 10-day moving averages (MA).
👉Further, the 5-day MA and 10-day MA are sloping downwards in favor of the bears.
🔵View:
Chart analysis suggests bitcoin cash is more likely to break below $1,280 (rising channel support) in the next 24–48 hours and confirm that today's spike was a bull trap. Prices could then test support at $850 (Nov. 17 low) in the short-run.
On the higher side, only a close (as per UTC) above $1,545 would revive the bull run.
Chart analysis suggests bitcoin cash is more likely to break below $1,280 (rising channel support) in the next 24–48 hours and confirm that today's spike was a bull trap. Prices could then test support at $850 (Nov. 17 low) in the short-run.
On the higher side, only a close (as per UTC) above $1,545 would revive the bull run.
Nexium (NXC)
Buy price 0.00001300- 0.00001450
Sell price 0.00002370-0.00002910
Buy price 0.00001300- 0.00001450
Sell price 0.00002370-0.00002910
📣🎓 As Bitcoin smashed through the $11,000, $12,000 and so on all the way to $19,000 on some exchanges, people were wondering if, when, and how this monster bull run would all come to an end.
It finally has ended for the digital currency as the price corrected from just under the $19,000 mark to sit at $15k. This represents a fall of around 14 percent, which in Bitcoin terms is relatively minor.
It finally has ended for the digital currency as the price corrected from just under the $19,000 mark to sit at $15k. This represents a fall of around 14 percent, which in Bitcoin terms is relatively minor.
Attention @@@@!!
If you're still asking "Should I get in?". .. This is pretty easy, you can dump your btcs to get in altcoins markets.
If you're still asking "Should I get in?". .. This is pretty easy, you can dump your btcs to get in altcoins markets.
Have in mind The TA is bearish. The catalyst is showing bullishness. So Market still in the air. Keep your investment in both of portion (FIAT, BTC).
Becoz if the market turns quickly you can have 50% of your stack in crypto already, if it doesn't you can have 50% to enter again on lower.
no need for an aggeressive stop loss on it, take more if you got it a lot cheaper as comapre to its performance history