Friday, March 16, 2018

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.

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