If you believed all the BTC lovers... BCH is dead.... well I am here to tell you, big things will be happening in MAY. BCH will show the world what cryptocurrency can do!
BTCUSD 1.79% brokc through the major and is now desperately trying to climb above it, but facing massive overhead resistance (it will take a small miracle to break through)
which just means at this present time BCH will be dragged with it... to the bottom of the channel $515.00... BCH Loves the channel has been there for months, so I think the support should hold... if not we will see lower lows at the next 280-300 area.
I don't know about you... but second chances don't come around all too often and getting BCH at at August 2017 prices seems like something we all thought would never happen again after the December ATH . So go ahead take that risk... grab that second chance... you will be happy you did!
What you don't get told is that on average corrects to 83% of the ATH and sometimes as much as 99.9%
So is the BCH correction normal? YES...
Is it healthy... YES...
Do the charts currently look really nasty... YES...
But what happens after a correction is finished.... the price bounces... A LOT! I don't know how low we are going to go... but what I do know... I'll have my shopping bag ready!
Safe and happy trading!
Remember minimise your risk, use a stop loss. ALWAYS!!!!!!!!!!!!!!!!!!!
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS.... I expect a few haters comments and I'm sure I have heard it all before....
Long term, there is so much innovation going on in bch right now that it is even hard to keep track of. Extremely bullish. All in since November and I keep loading at every dip haha ;)
Exactly like bitcoin gold. Bitcoin red. Bitcoin coin, bitkoin, bytecoin and so on.
This is only my opinion. Thanks for sharing yours. <3
For now i think cash is king