Looks like there is at least one more push up in BCH. Tons of confluence at 1050 USD. We had a massive triangle breakout followed by multiple ABCs. Also BCH/BTC looks fantastic. Will meet massive resistance at 1050. If we can get past 1050 and flip the resistance to support we could get out of control - but I wouldn't bet on it. Also take a look at BCHG - will BCHG follow GBTC?
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Look at BCH/BTC. Cup and Handle forming
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May retest between 440-470 as we retest the trendline and BTC.D rises. It may sting in the short term
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Area retested, bottom forming. BTC.D begins to rise off of resistance now turned support. Just be patient
When everyone buys the real coin instead of ETF's or CFD's then this thing becomes less volitile. Just hang on and keep buying the real coin on the way down, and of course slowly sell it on the way up...
lanehammet22
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Game time?
mercadojorge2002
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Seems like 399 was it
lanehammet22
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@mercadojorge2002, 400 was the last critical point it needed to hold. Just flipped multi year resistance into support.
@cipher0001, yeah we will see. They always attempt to inflict max pain though so I’m never sure. Best to just go on a walk and enjoy your weekend
cipher0001
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@lanehamm2 not worried, just trying to time a good discount. Last great one was during all that ftx drama.
i8myapl
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Good point, BCHG will probably follow it is steadily growing.
lanehammet22
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@i8myapl, Yeah BCHG and FILG are very interesting. I don't think you will get the same percentage gain that the grayscale trusts recieved but they still may be good. The problem with FIL is the inflation -but it has alot of good narrative around it - storage, AI, development activity. BCH has zero development activity but narrative is decent at the moment - its not a security, halving, etc. The hard part figuring out when to take profits