<\/p>\n
A top crypto trader is expressing bullish sentiment on one top-20 altcoin that\u2019s up over 10% in the past week.<\/p>\n
Pseudonymous analyst DonAlt tells<\/a> his 53,300 YouTube subscribers that the price action of Bitcoin Cash (BCH<\/a>) on the daily chart is signaling a bullish move.<\/p>\n \u201cIf you go on the lower time frames that looks like a breakout in the making\u2026<\/i><\/p>\n You have your structure here kind of looks like an ascending triangle, whatever you want to call it, doesn\u2019t really matter\u2026<\/i><\/p>\n 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\u2019re putting in a higher low with the same highs.\u201d<\/i><\/p>\n On what could prove his bullish thesis for Bitcoin Cash wrong, the pseudonymous analyst says,<\/p>\n \u201cIf this goes back below $200 or $180-ish, $180 being the better invalidation, I think it\u2019s cooked.\u201d<\/i><\/p>\n According to DonAlt, the price trajectory of Bitcoin Cash and other altcoins going forward will heavily depend on Bitcoin.<\/p>\n \u201cMy problem with the altcoins, my problem with my Bitcoin Cash position is that like I look at Bitcoin right now and I\u2019m like \u2018if this breaks down, like if this just goes down, I\u2019m going to get [screwed] and everyone else in altcoins are just going to get [screwed as well].’\u201d<\/i><\/p>\n Bitcoin Cash is trading at $236 at time of writing, up by a little over 14% since Monday.<\/p>\n