BCH has been keeping pace with BTC, and has outperformed my previous expectations vs BTC, which i have linked below. We are now extremely tight on the bolinger bands. Matter of fact this is the tightest squeeze this pair has ever seen. This tightening builds extreme tension like a coil being wound up, and an explosive movement is sure to follow. Which ever way this decides to break out will be explosive. We have a small long position currently, and will be sure to add if it breaks out to the upside. However i think the more likely scenario is a break down in which case we will close out position. Either way the market moves, we will be alert and ready to act.
downside confirmed