Bitcoin Cash corrected with the rest of the crypto world, and may OR may not be ready for a bounce yet.
The 4 hour chart show the correction can be done, and price in the game of fulfilling the 2. green wave. 3. wave could be coming soon if this count is correct! Price is trading below the red Ichimoku cloud.
The Superguppy show a very compact blue traders group below a little wider red investors group, telling me they are both pretty agreed about the price just now.
The 1 hour chart of the last days show no clear up- or down-trend, BCH is going sideways forming a triangle shape.
Price show no divergence with RSA or MACD, and short term it may point down.
We'll have to wait and see what is in the end of this sideway move.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
If you'd like my technical analysis on another coin, please ask in the comments.
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"Lil Windex" rapping about "Bitcoin Cash" , funny video... =)
This post is resteemed and upvoted by @bestboom
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This comment has received a 0.19 % upvote from @speedvoter thanks to: @novicedeveloper.
@speedvoter please don't upvote comment spam thanks to: @novicedeveloper.
ha ha @thedolphin, sorry for upvoting the "Lil Windex" "Bitcoin Cash" video, but I thought it was somewhat relevant... lol
I could have integrated that video into the post :)
Poor novice developers should develop more, begging is not a development path IMO.
Both begging and comment spamming is something we don't want to have on Steemit, read the FAQ for a start.