In June 2023 Bitcoin Cash recovered against Bitcoin and entered bulls territory, it has been green ever since. By green I mean out of the downtrend, a major downtrend that lasted a massive 2,023 days or 5.5 years.
This is an interesting pair, we know the history of it. In the end, all worked out well; we have Bitcoin and we have Bitcoin Cash, a stable and promising Altcoin project.
The bottom of the downtrend was hit May 2023. The following month, June, produced a very strong recovery. This recovery placed the action above the low that was hit in July 2022. Above this level this pair, BCHBTC, can be considered a good buy with very strong bullish potential.
In February 2024 BCHBTC wicked below the July 2022 support level but closed above it. This level has been tested many times and continues to hold. As this level is being tested, volume has come to a halt. This is a consolidation phase. After consolidation comes the bullish wave.
It is only a matter of time now before a bullish breakout shows up and we have great potential for growth. Additional details (targets) can be seen on the chart.
Thank you for reading.
Namaste.
This is an interesting pair, we know the history of it. In the end, all worked out well; we have Bitcoin and we have Bitcoin Cash, a stable and promising Altcoin project.
The bottom of the downtrend was hit May 2023. The following month, June, produced a very strong recovery. This recovery placed the action above the low that was hit in July 2022. Above this level this pair, BCHBTC, can be considered a good buy with very strong bullish potential.
In February 2024 BCHBTC wicked below the July 2022 support level but closed above it. This level has been tested many times and continues to hold. As this level is being tested, volume has come to a halt. This is a consolidation phase. After consolidation comes the bullish wave.
It is only a matter of time now before a bullish breakout shows up and we have great potential for growth. Additional details (targets) can be seen on the chart.
Thank you for reading.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน