OH NO......WHERE IS THE BOTTOM????

Hello Traders,

This morning I woke to news that KUCOIN had ceased it's trading pairs of BCH :( thank you to FNE for alerting me to the fact.
This is reflecting in today's charts among other things...

BTCUSD is in real trouble with prices hovering around the major trend line and threatening to break through, which if this does in fact happen BCH will be dragged with it... now normally I see so many positives in the charts, but right now the most positive I can be for BCH and BTC is I hope they bounce.... even if it's small.

You can see BCH has been stuck in a channel for quite some time and today broke down through a wedge that has been holding for a week or more... if we keep falling... bottom of the channel is around the mid $500 mark...

Safe and happy trading!

Remember minimise your risk, use a stop loss. ALWAYS!!!!!!!!!!!!!!!!!!!

LNE.

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS... a common question I get on twitter is...
SHOULD I BUY??
ask yourself.... Did it bounce?
1. Yes -> buy coin of choice
2. No -> Keep watching until it does
3. What does the volume look like? RED or GREEN?
red - more selling
green - more buying
(unless you are shorting, then simply continue shorting)
hope this helps :)

Commento:

BCH has just broken the previous low of $760.00 - complete wave failure