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ToshihiroHiramatsu
May 6, 2021 2:33 PM

BCH long term bearish. Target sub-$600. Short

Bitcoin Cash / US DollarBinance

Description

Short term, BCH will likely retest the 0.618 retracement area before grinding higher. Long term fundamentals remain terrible and will be shorted to the ground.
Japanese blockchain enthusiasts have abandoned BCH in favor of BTC, LTC and ETH. We will likely see BCH trade sub-$600 very soon.
The broadening ascending wedge is also a bearish technical pattern.
Comments
heejstrudlos
you are tripping very hard mate, bch is one of very few coins listed on robinhood, and another thing is it doesnt even matter anymore fundamentals, doge coin is a proof. when is altseason there is no fundamental matter at all.
Bch is going to moon as any other coin. if bch goes ti 600 its gonna be only because of some huge sell off event. GL
antoniogg23
@heejstrudlos, he should go home, he’s drunk
Crypapi
This is what they want you to believe. They are shaking off scrubs like you, Grayscale investing in a coin thats gonna be shorted to the ground :D yea right.
rsansbury
Let me weigh in here with a quote from Cryptopolitan News: "Bitcoin Cash has entered the list of the ten best cryptocurrencies for passive investments. This digital currency has a source code similar to Bitcoin. But, its payment processing is faster than BTC." I think I'll continue HODL'ing mine, thank you.
mycotoxin
unfortunately ... I dont think BCH is going to $600 anytime soon . That was 3 years ago .
rightz06
traders like you got rekt for shorting i bet you shorted ETC at $50 haha...
you see what happened to Doge? next to ETC? guess what BCH and LTC is next!!
releasethegenie
put your money where your mouth is then and short it.
rightz06
haha it will never going back to $600 you snooze you lose lmao
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