DCFreak
Short

Bitcoin Cash - Price Drop Incoming!

POLONIEX:BCHUSDT   Bitcoin Cash / Tether USD
Hello,

Bitcoin Cash             is going to follow Bitcoin             in its correction.
So if Bitcoin             goes below 9k$, expect BCH to fall to a previous support level , which is indicated in white in the graph.

Here is the bitcoin             analysis:


~DCFreak
Comment: 854$ is more likely than the target I made, but we will see.
Comment: ^ The target in the Feb 2 is achieved. I believe there is more to come, so I will leave this trade open till original target is reached.
Comment: almost there
We have the news about Korea's regulation, that it is not a ban, but more state's eye on. I believe that other governments will do the same. Indeed, it's happen every year, every year the same history, with a few differences, happen again and again, and the Bitcoin prices fluctuates a lot. Good for us, that use it to earn a lot of money!
Reply
Lol if anything it will pump. Lmfao
Reply
shadowgov PowerCryptoKing
@PowerCryptoKing, Good call.
LOL
Reply
BCH has found it's bottom now.
I think your prediction is wrong but time will tell.
Reply
DCFreak PRO bagholder11
@bagholder11, it's not about BCH.

It's about how BCH will react to BTC's further correction if it occurs.
Reply
@DCFreak, What makes you think btc/bch will not decouple? They have been negatively correlated in the past.
Reply
@DCFreak, Have you ever heard of The Flippening?
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DCFreak PRO bagholder11
@bagholder11, they can decouple. However till this date, BCH has been reacting to price variation in BTC.

If exchanges add alts/bch pairs then I won't correlate the two.
+1 Reply
@DCFreak, !00% correct. Anyone "wishing" for BCH to decouple from BTC is a stuck long.
Reply
How likely do you think BTC will go below 9k$?
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