BCH-BTC HUGE Move Coming .. To me, theres only 1 way to go - UP!
Reference the chart to see the 2-day historical volatility index squeezing quite hard here at a major support. We are either about to see a BIG move up or a BIG break of support into a move further down.
Personally, I like to judge the incoming direction based on current market drama.. crypto traders love to give reason for moves AFTER the fact.
While BTC fees are $25 a pop, transaction times increasing, and miner capitulation upon us - this serves BCH very well. For now, in a battle between BTC and BCH, I will err on the side of Bitcoin Cash.
Especially while the price sits on major support, it seems foolish to bet on a break. The better risk/reward play is long.
Good luck on whichever side you pick and happy trading!
Personally, I like to judge the incoming direction based on current market drama.. crypto traders love to give reason for moves AFTER the fact.
While BTC fees are $25 a pop, transaction times increasing, and miner capitulation upon us - this serves BCH very well. For now, in a battle between BTC and BCH, I will err on the side of Bitcoin Cash.
Especially while the price sits on major support, it seems foolish to bet on a break. The better risk/reward play is long.
Good luck on whichever side you pick and happy trading!