Bitcoin Cash levels

Bitcoin Cash levels on the 1-day chart: In my opinion BCH is the highest upside probability and lowest downside risk crypto asset at the $99 level. Plus, it's future utility is undervalued considering it has the same rareness of 21M tokens, much lower transaction fees than BTC, with much faster transaction times. It has a 6 year price discovery history that brings it near its all time low currently. Furthermore, BCH supports smart contracts. I think it makes sense to HODL for 2023 and add more on dips now. No sense selling BCH at these levels imo. The biggest downside is it could take a long time for BCH to get out of a sideways range.

SMA200 = $115

VWMA13 Bollinger-Bands.Multi_Choice:
top = $107.54
R3 = $105.61
R2 = $103.67
R1 = $101.74
pivot = $99.80
S1 = $97.86
S2 = $95.93
S3 = $93.99
bottom = $92.06

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
BBMC - bollinger bands
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com/u/growerik/

Comment:

BCH 1 week chart: