So I decided to look at BCH today because I never follow it and I mistakenly read BTCUSD price as BCHUSD and immediately wondered how BCH caught up with BTC . Thankfully I was wrong. But looking at the , it's completely obvious that BCHUSD is in a , which is a signal for Trend Reversal.
Refer to this website for statistics and buy/sell targets. How you interpret the signals is completely up to you.
My thought is we're either near a breakout, or we may fall again for the third touch at the bottom, before rising for a breakout. Either way, it seems like a good long position if you're going to hold for a few months.
For now, I buy crypto watching this ship sink is fun, but we're on this ship, no fun.
Whatever you do, don't listen to this guy. As you can tell, he's not very smart. Do you own research and stay away from that echo chamber called r/bitcoin.