The Trust Layer for Market Analysts

The video provides a technical analysis of Bitcoin Cash (BCHUSD). The current price is around $599. The analyst discusses previous resistance level at $605, drawing a white line at the price. He suggests that it is very possible that was it for the move and that we continue to move back lower, but he might be wrong. It's identified a potential ABC correction. The analyst mentions holding out for lower prices, but concedes the move might have been it. Closing two days above the daily closing high of around $600 would invalidate the bearish outlook. On the weekly time frame, $507 sits at the 0.236 Fibonacci level. The golden ratio is at $507. Technicals look bullish with RSI staying out of the oversold zone, MACD bullish, and building bearish momentum. He states his expectations about going to $520 if we will see a dip. He expects large bullish momentum in the next upcoming months. The W pattern suggests Bitcoin Cash will see new all-time highs this cycle.