So I got a lot of requests to post an idea about Bitcoin Cash. Here is my views on it: 1. It is current trading in a major downtrend 2. Short-term view: You can see the trading range its been keeping - once the support is broken, expect further bearish movement 3. Volume always tells the truth. Very high volume in a strong resistance zone indicates that the makers are selling heavily and aren't ready to change the trend.
Let see how this unfolds in the coming days, seems interesting!
Nice i share the same view as you im pretty sure the price will even dip lower and make a lower low to shake everyone out i recommend you the BCH/KRW chart you can see they made even a higher high than we thats the upthrust imo. cryptowat.ch/bithumb/bchkrw/4h
very bullish :)!!! @AAlFadhala BCH is supported by Roger - a rich man
asdfghghj
⋅
I shouldn't habe listened to you. No problem, it looked logical to me last night too. Markets are finicky, what can we do?
asdfghghj
⋅
@asdfghghj, By the way, I won't surprise if this coin goes down to 314 support tonight... I know tis coin very well, huge potential for a veeerrry bearish dip!
abdullatrader
⋅
Hi @asdfghghj, I'm really sorry that the market went against you, however, please note that all of my trading ideas are my personal thoughts. I have never given and will never give any trading recommendations to anyone. Yes I agree that the market went against this trading idea, which is totally normal. There isn't one trader out there that have predicted the markets 100% not even 80%. Trading is more than a prediction game. Thanks - Abdulla
asdfghghj
⋅
@AAlFadhala, as I said no problem at all. I didnot loose any money by not taking a long position, so nothing to worry about.
It was my call at the end and your analysis seemed to better than the bullish ones. It is also dumped heavily, which shows the selling tendeny.
I appreciate your analysis, keep up the good work.