Tramliner

Contrarian trading idea - buy the most 'hated' coin (bcc, bch)

Long
Tramliner Updated   
BITTREX:BCCUSDT   None
I can see an interesting build up of pressure here. I think these consolidation patterns break bullish don't they?

And given all eyes on BTC at the moment, and the fact it's a hated coin makes it an interesting contrarian play.

Also:
- is it being added to a new Korean exchange imminently?
- have you noticed the shift in narrative to transactions (and keeping fees/costs low) vs. store of value? check out litecoin for example
- coinbase and other large exchanges are yet to release these forked coins from btc, so there's less liquidity/technically more forced hodl?
- mr roger ver and co. would love this moment so may give it a little shunt to help it along?
- I've been patient on this, whilst all else has been moving rapidly. Do you have a hedge? This may be it!

Please comment!
Comment:
my first ever post. please zoom out to see targets (up and down!) more clearly. zoom right out to see the build up in pressure since it launched.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.