$BTC ARE THEY READY??! COMPLETE ANALYSIS #BCH 29/04
In a market full of promises, Bitcoin Cash is like that relative who left home to follow their own principles, the "lost twin" of #BITCOIN 😂. BCH was born from an ideological split in the BTC community. While one side wanted to evolve with solutions like SegWit, the other believed that the best way forward was to increase the block size, maintaining the original spirit of Satoshi Nakamoto's whitepaper. 🥊
🟢 Why pay attention to BCH?
- Solid concept, true to the original vision of Bitcoin.
- Active development, with teams like Bitcoin ABC.
🔴 But not everything is rosy, OBVIOUSLY:
- Security lower than BTC, with less computational power and a 51% attack risk.
- Low institutional adoption, especially compared to more modern projects.
LET'S GO TO ANALYSIS ————— 🤾🏽♀️
Trend still weakened, but with signs of possible medium-term reversal. In the weekly chart, it is possible to observe growth in the last candles, which is a healthy sign for the validation of the reversal.
Double bottom (W) visible on the daily. Confirms bullish momentum, explaining again MEANS: STRENGTH.
TRADE ————— 🥷👇🏽
The idea is to position oneself, so a lot of calm and attention to the stop. LET'S ENTER THE CORRECTION.
🥊 Support: 360 | 365 | 330 | 250
🔴 Resistance: 380 | 410 | 487
🟢 Entry with CHOKE 😌😂 : 362 - 360 (1 opportunity - If it enters and rises, great; if it shows weakness - we exit and enter conservatively).
🟢 CONSERVATIVE Entry: 355 - 350 - indicated for those with little capital and who do not know how to manage risks.
Stop: 5%
🚀 TARGET POINT 1: 408
🚀 TARGET POINT 2: 470
🔥 TARGET POINT 3: 530
Operation for MEDIUM TERM and LONG TERM.
$BCH
