BCH has been dormant but recently it made some noise. It quietly looking super bullish in the Monthly TF , its PA Structure is a bullish one (W). Its about being patience. There is not much chatter about it on social media . Now that BTC reached ATH , the speculation is that money will flow into Major CAPS , the cycle of alts will commence. The cycle of ALTS , courtesy of @rektcapital https://twitter.com/rektcapital/status/1333431488260546562?s=20 .
There has bot been much chatter on it lately at all. My friend is actually the one that asked to view the chart, when I really took a closer look at it , the monthly chart looks super bullish. The PA structure is a beautiful one which usually turns upward , past example are , TOMO HTF chart, REN HTF chart before lift off . The draw back is that its in the monthly TF this PA structure , so one must be patience , and use risk management to ladder in and up at key zone. The key zone to claim was/is 286 in LTF and HTF 300 zone. It pushed to 360 , where price was rejected aggressively the 100ema ,week of NOV 22nd 2020 , to support 257 where emas 233 , 100, 55 were underneath on the DTF. Price has rallied from 257 to flip 286 to current levels of 310 zone . I personally thought there would have been some FOMO and push price to 426 ( major resistance ) before settling around 320-330, but it did not . Price got pushed down in LTF to 260s before claiming 286 again before settling just below it now. Google trend has noted a spike increased in search about bitcoin cash this month , https://trends.google.com/trends/explore?q=bitcoin%20cash&geo=US
Here is an unedited video I made for my friend. I underestimated the 100 ema on the weekly TF. I still confident unless BTC Pukes , once 420 is claims its gone.
The eventual targets is 800 bucks zone, taking fibs to ATH to ATL price generally should bounce to .23 fib or .38 fib but first target is .23 , courtesy of @tradingroomapp , and it generally plays out that way. So conservative entry would a lean reclaim of 300 bucks or ultra conservative is 400 level. RSI is printing bullish divergence. Basically I am bullish HTF , it should do well soon. It is about being patience and strategically buying and selling out for accumulation. Either one is trading for portfolio growth of BCH or just trading it for intraday or mid swing. I am currently on it for mid term hold (full disclosure )





