BTCUSD and BCHUSD update

BTCUSD daily

BTCUSD looks to be heading towards 6899 - 7423 region, where there are some strong levels of support. Price region at support also coincide with a flag extension from 5 - 9 mar 18.
If BTC USD is on a technical retracement, price should be supported there this week.

BCHUSD daily

BCHUSD looks to be heading towards 733 to 847 region. Where there is some strong support. Price coincides with minor channel support and price levels.

Price has reached oversold. Should be supported there this week.

BTC/ BCH overlay

As observed BCH price is also affected by BTC. Interestingly, the price is at the same levels and are moving very close correlation.

A look at Bitcoin cash

Cryptocurrencies are all the rage with their wild swings and stories of billionaires who are made every time it makes new highs.

With current news, such as

Bitcoin price: Cryptocurrency DROPS below 9k after HARSH words from federal commission

Bitcoin price: Why is bitcoin dropping today? BTC down 23 percent on Monday price

cryptocurrencies have been dropping like rocks.

Is this a chance or is this the road to the end?

Here is a Technical analysis for long term chart.

Bitcoin

Bitcoin is forming a bullish hammer at the broken resistance TL, if closes above the TL is bullish.

Bitcoin cash

 Bitcoin cash the result of the hardfork split from Bitcoin may be in the process of forming a butterfly. The pattern is not confirmed yet, as there is no candles in the chart. However, if bitcoin rises, the rest of the cryptocurrencies may be dragged up.

Disclaimer: This is not a recommendation to buy sell or hold.