Bitcoin Cash Analysis: (BCH/BTC) Renewed Support Carries BCH Over $1,000, Signals Looking Good For A Continuation

in bitcoin •  7 years ago 

Recently, Bitcoin Cash outperformed the market against BTC becoming the top gainer among the peak 20 cryptocurrencies with a 9.75% increase.

Viewing at the 2hr chart below, it is realized that BCH blew off the bottom, after combining nearly the 9,000 Sats support.

btc grap 1.png

During the initial bull run, the price action can be seen breaking above the 0.786 Fibonacci rank before turning back to it, after BCH was overbought on the RSI display.

bitcoin cash analysis bch-btc signals
7 years ago by

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      ·  7 years ago (edited)

    I hope it dose go to the moon soon I am holding some. Nice analysis by the way

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        ·  7 years ago 

      @sadman733 I believe so. You are welcome.

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