Bitcoin Cash

Chip

Bitcoin

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 <p>A top crypto trader is expressing bullish sentiment on one top-20 altcoin that’s up over 10% in the past week.</p> 
 <p>Pseudonymous analyst DonAlt tells his 53,300 YouTube subscribers that the price action of Bitcoin Cash (BCH) on the daily chart is signaling a bullish move.</p> 
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 <p><i>“If you go on the lower time frames that looks like a breakout in the making…</i></p> 
 <p><i>You have your structure here kind of looks like an ascending triangle, whatever you want to call it, doesn’t really matter…</i></p> 
 <p><i>The only thing that you really have to keep in mind, or that is important for the trade, is that you put in a low, you retested it and now we’re putting in a higher low with the same highs.”</i></p> 
 <p>On what could prove his bullish thesis for Bitcoin Cash wrong, the pseudonymous analyst says,</p> 
 <p><i>“If this goes back below $200 or $180-ish, $180 being the better invalidation, I think it’s cooked.”</i></p> 
 <p>According to DonAlt, the price trajectory of Bitcoin Cash and other altcoins going forward will heavily depend on Bitcoin.</p> 
 <p><i>“My problem with the altcoins, my problem with my Bitcoin Cash position is that like I look at Bitcoin right now and I’m like ‘if this breaks down, like if this just goes down, I’m going to get [screwed] and everyone else in altcoins are just going to get [screwed as well].'”</i></p> 
 <p>Bitcoin Cash is trading at $236 at time of writing, up by a little over 14% since Monday.</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-trader-who-nailed-2022-bitcoin-bottom-says-one-blue-chip-altcoin-signaling-a-breakout-in-the-making-tbt64459.html">https://thebittimes.com/top-trader-who-nailed-2022-bitcoin-bottom-says-one-blue-chip-altcoin-signaling-a-breakout-in-the-making-tbt64459.html</a></p>

Top Trader Who Nailed 2022 Bitcoin Bottom Says One Blue Chip Altcoin Signaling a ‘Breakout in the Making’

TheBitTimes

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