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BCH trading within range & falling against BTC
History is repeating itself!
I think it was imkeshav (not certain) who first suggested this weeks ago. I was in disagreement, but now it seems to become reality.
BCH is likely to trade sideways for January w/ at least one fake out & one spring (Wyckoff accumulation). Monthly EMA will provide some support, too.
This makes for a good range-trading. Particularly, if it crashes hard & touches 2k -> good opportunity to get in for mid-term gain, at least to 3k & if breakout -> 5k.
Also check out my website: jlteng.com
I think it was imkeshav (not certain) who first suggested this weeks ago. I was in disagreement, but now it seems to become reality.
BCH is likely to trade sideways for January w/ at least one fake out & one spring (Wyckoff accumulation). Monthly EMA will provide some support, too.
This makes for a good range-trading. Particularly, if it crashes hard & touches 2k -> good opportunity to get in for mid-term gain, at least to 3k & if breakout -> 5k.
Also check out my website: jlteng.com
Nota
Indeed quite weak. I have a feeling it'll be pumped (lightly) before this week ends, but it probably won't touch 3000. Then it'll fall even deeper.Nota
touched the lower end of the range. perhaps a small rescue pump will take place within the next 24hNota
seems like today is the pumping day. I don't think it'll go much high, but a fake out is possible.Nota
the crash is so hard I don't think any chart could make sense for some days.Nota
Since I linked to this in my BTG post, just another update:I admire the BCH team's spirit, but the market doesn't view it much differently from BTC. Its ASIC addiction could also be a problem in the future.
Nevertheless, now may be a good time to start looking at it. Major pump could be just around the corner.
Nota
Didn't expect BCH pumping so soon, but I guess b/c it was one of the hardest hit it'll recover to above $2200. Still not convinced it can go above 0.2 BTC, though.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.