BCHUSD in weekly and monthly squeezes

2 ene 2021

BCHUSD has consolidated for the better part of 2020 on both the weekly and monthly charts. Given the broad crypto market rally with BTCUSD leading the way, I think it's a good time to pick up some Bitcoin Cash as it is one of the few cryptocurrencies that have not taken off quite yet. The weekly squeeze is firing, which typically indicates a price breakout and end to the consolidation period.

2 feb 2021

Nota

We had a swift move up to $600 after the squeeze fired. It has dipped a bit since, but still looks good. Hodling.