BCHUSD vs BTCUSD: Who'll win the race to the top?
I've been monitoring sentiment data and concluded that the rallies I see in altcoins might have to do with the fact that the recent drop in $BTCUSD might only be a shake out before seeing higher prices, since people freaked out rather quickly after the drop. If we were seeing a top, they would remain calm and complacent, and count their profits in advance, when they reach their ridiculous targets.
$BCH is being accumulated and now ready to move up once more. Risk/reward in it is far superior and I like it as a contrarian play. Until I get a good enough signal to buy $BTC, I'll remain flat, and involved in other coins instead. If my analysis is correct and $BCHUSD doesn't fail to rally, it would easily outperform $BTCUSD during the next leg up, even if $BTCUSD lands on the top target at 23305.1 by year end or earlier.
After the year ends, odds of a correction or consolidation of large scale become huge, so, I'd reccomend being cautious, probably good to take some money out of crypto by then.
Cheers,
Ivan Labrie.
$BCH is being accumulated and now ready to move up once more. Risk/reward in it is far superior and I like it as a contrarian play. Until I get a good enough signal to buy $BTC, I'll remain flat, and involved in other coins instead. If my analysis is correct and $BCHUSD doesn't fail to rally, it would easily outperform $BTCUSD during the next leg up, even if $BTCUSD lands on the top target at 23305.1 by year end or earlier.
After the year ends, odds of a correction or consolidation of large scale become huge, so, I'd reccomend being cautious, probably good to take some money out of crypto by then.
Cheers,
Ivan Labrie.
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Moving as expected here. Anticipating sideways action until the CME futures launch, then up one last time.
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Daily signals in $BTCUSD extend possible upside targets, but odds are slimmer. Overall, I envision the top at 25k+-
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Looks like both hit my targets and topped:
