Is BCH ready to dump. Really no body knows for sure but following the technicals it is at macro resistance and on the 4hr. a lower high, lower low, and now a lower high.
Invalidation will be a brake and hold of the high. A liquidity grab just above the high is certainly possible but to invalidate it needs to hold.
If it can reclaim the highs more upside would certainly be in order but needs to happen first.
For now the market is sitting perfectly balanced between buyers and sellers at macro resistance and when big money says they are bullish typically they have goods to sell.
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Invalidation will be a brake and hold of the high. A liquidity grab just above the high is certainly possible but to invalidate it needs to hold.
If it can reclaim the highs more upside would certainly be in order but needs to happen first.
For now the market is sitting perfectly balanced between buyers and sellers at macro resistance and when big money says they are bullish typically they have goods to sell.
Interested in Gann style (law of vibration) trading? Join Us
