Hello all,
yesterday I showed you the new triangle formed with the lowest point made by the Bitcoin Cash these last days :
We can see clearly that the BCH is staying inside the triangle and that the volume is decreasing. At one moment and before the APEX, we will have a break out in one of the direction. For those who don't know, The APEX is the intersection between the 2 lines.
So, as I suggested you already yesterday, the safer way to trade this is to wait the break out and take the continuation. If you like risk, you can also bet on one of the direction before the break out. With this kind of pattern, we have more probability to have a break out up but I will never bet on this kind of movement as we could have also a powerful break out down.
Take care all,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to loose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BITCOIN CASH - Toujours à l'intérieur du nouveau triangle - Le volume diminue - Break out sous peu
