Normally I'll be a buyer if it passes the black line.. volume looks good for reversal but it will be on a tight stop...
Main reason for tight stop is i think the Chinese miners are trying to do away with BTC cos western group are not playing ball with Sigwit.. I mentioned this a few months back and now it playing out.
However, Chinese miners pulling hash power and pointing to Bitcoin Cash means they will leave a gap in BTC network that some other mining group/s may plug.. It's a double edged sword and the games are far from over
BCC pull back was on very low volume... Also created a higher low.. i'm 80% sure this will have another run
