SpaceCatZ

BCH ready to rally?! Or some people trying to deceive us again.

SpaceCatZ Updated   
BITFINEX:BCHUSD   None
Hello everybody. I have been following and supporting BCH since day 1. Made some great trades and lost some. I feel like I need to write about few things at the current situation. First of all Rsi standpoint on daily BCH chart. We have some hype because of hard fork right? So people pushing the price up correct? So should we buy now and hope for $1000?! institutional players will push this price and they cash out first(Do you recall the time BCH price was pushed up to 2700 then in 2 min period came down crashing to 1500 range). By the time you notice what is going on, you are already below your entry point(they trap you there or you will lose money). Daily Rsi went too high.We have time ticking bomb in our hands.Few institutional players that pushing the price randomly out of blue can sell their holdings anytime so they can drive the price down significantly and buy more at the lower entry but unfortunately you may not be able too. They are going to call it correction on their terms. They will make tons of money as usual. So I don't recommend entry before the correction. If they don't correct this now, we can call it morally ill fated push upwards to hurt some small investors. However If they do correct and go towards the $550-570 figure, people can enter at the safer point and price action can continue towards $1000 before the fork.This is the honest way to make BCH supporters happy and confident not the other way around. Time prove your real intentions BCH!!!!
Ps. I have entered a position at @415. I am about to close my position If the price point reaches 650 without correction and will move towards XRP coin.If they correct now I will ride this wave till the very end.
Good luck traders.Thank you for reading.
Your Crypto buddy.
Please write comments below so I can hear your side of view.
Trade active:
Well Great news. Bch made correction to honest 560-570 level. Now time to reverse and push up towards 750-800 area while we have the momentum. If we fail here results could be catastrophic sub $400 level.
Comment:
Go go go. we gotta catch up the xrp for the hot spot :)
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