~ This is NOT a strong signal, watch price movement closely
~ Short term MACD shows potential start of upward trend
~ Bistamp exchange will list Bitcoin Cash sometime in the coming weeks
~ Bitcoin Cash is a strong hedge against BTC, see my bearish technical analysis of BTC:
![[Short] BTC bearish signals, how to hedge](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
~ RSI allows upward movement
~ Bitcoin Cash mining just became more profitable than BTC (currently 8% more profitable): fork.lol/
If a breakout occurs above 1350 level, upward movement can be expected. Targets could be 1500-1600 and 1800-2000.
~ Short term MACD shows potential start of upward trend
~ Bistamp exchange will list Bitcoin Cash sometime in the coming weeks
~ Bitcoin Cash is a strong hedge against BTC, see my bearish technical analysis of BTC:
![[Short] BTC bearish signals, how to hedge](https://s3.tradingview.com/l/lpMPD89h_big.png)
~ RSI allows upward movement
~ Bitcoin Cash mining just became more profitable than BTC (currently 8% more profitable): fork.lol/
If a breakout occurs above 1350 level, upward movement can be expected. Targets could be 1500-1600 and 1800-2000.
Commento:
If you followed my advice, you can now start to take profits at the 1500-1600 level.
Trade attivo:
If you followed up on my signal, you are now sitting in the 1500-1600 range where you can start to take profits. Further upward movement could be expected if price goes sideways a bit first without stepping in a bull trap. A tactic could be to sell near the 1600 range and wait for a buy signal when the resistance @ 1600 is broken. Next target will be 1800-2000 after which we should wait for new signals.