Thanks for the TA. BCH is very unstable at the moment it seems.
2phost
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Hi @pirate4ever , yes I agree with you.
The coin is overpriced, such as the price is consolidating right now.
Moreover, the price increased very quickly, it is uncertain if this is a really bottom of all consolidation, or if it will decrease more. Due to the risk I will wait for development, and trade others crypto coins with great potential right now.
asebe
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it crossed you bottom ....
2phost
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Hi @asebe, when sellers are strong it is normal to go a little further down (as buyers make room).
BCH lost momentum at that moment and as you can see buyers are already starting to gain.
Additionally, we are in a positive trend and the price is below the value zone, so I advise you to add in the dips.
Off course this is my analysis and I advice you to do yours as well.
asebe
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@2phost, Thanks for the Explanation.... as i wrote you in the pm I am still really new to this Kind of trading :)