✳️ Bitcoin Cash 6 Months Long Correction Ends (160% Potential)

30 дек. 2023 г.

Good Saturday my fellow Cryptocurrency trader and Happy New Year, may 2024 bring awesome profits to your trading as well as lots of wealth, enjoyment and health to your lifestyle.

Here we can see Bitcoin Cash ending a six months long classic ABC correction.
Very clearly depicted on the chart.

The end of the correction alone is a strong enough signal to support a bullish wave, a reversal but, we have additional signals supporting this one such as:

➖ BCHBTC trades above EMA50 & EMA100.
➖ BCHBTC has a strong daily RSI reading reaching almost 70.
➖ We have the biggest green sessions in the last 3 days since June.
➖ Volume is higher on the recent low (red) but if we corroborate across exchanges we can see it going high up... Supporting this bullish break.
➖ Bitcoin consolidating (sideways) after more than a year of sustained growth is a bullish sign for the Altcoins, specially the ALTSBTC pairs.

All these combined... Boom! Rise UP!

Namaste.

P.S. Additional growth is possible beyond 160%.