BCASH DEAD CAT BOUNCE INCOMING THEN NEW SLOW BLEED LOWS TO $14

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Bitcoin Cash / TetherUS (BINANCE:BCHUSDT)

Updated

BINANCE:BCHUSDT Bitcoin Cash / TetherUS

trendanalysis indicator fundamental bcash btrash bch bitcoincash bchusd bchusdt luna eth btc

BCASH really took a nosedive since its all time high around $4500 down almost 99%, and has yet to recover even slightly. The previous bull run where most coins went to new all time highs or at least close to their previous all time high, Bcash didnt even come close and any gains it had made in that last run was deleted in almost one single weekly candle, which proves that BCash investors cashed out of this at both tops. Only ones still holding now are small retail investors hoping to get rich or thinking that this coin actually has a future,it doesn't. BCash died a long time ago. Interest is dying in this coin, and the 51% attack it suffered a couple years ago really put a damper on this coin and the rally that followed during the latest bull run was lackluster to say the least. Indicators on the short term time frame are showing some bullishness but longer term indicators bi-weekly and monthly are still bearish and at best this next run BCash will make one more dead cat bounce before its slow bleed out over the next few years down to double and even single digit lows. Also the creator of this coin Roger Ver is a felon for one and his most recent actions involving Coinflex was a shltbag move to say the least. He literally almost bankrupt the company because he failed to cover his $45 million dollar margin call that he promised he would. Dumbass made a bad trade and now doesnt want to own up to it. The exchange needed to raise money from other investors to be able to continue its operations. There is currently a lawsuit against Ver for this. Hes a crook just like Do Kwon and BCash will suffer the same fate as Luna. Take profits or forever hold your peace! This is not trading or financial advice this is just my opinions and speculations.

Comment:

THIS IS THE PREVIOUS CHART I POSTED ON OCTOBER 22, 2021 ALMOST A YEAR AGO. PRICE ACTION MOVED EXACTLY LIKE I PREDICTED. JUST PRESS THE PLAY BUTTON ON THE CHART AND IT WILL PROVE THAT. I WILL USE THIS CURRENT CHART I MADE TODAY IN THE FUTURE WHEN BCASH IS AT UNDER 10 BUCKS.

BCH Looking Really Weak! Long Term Dead Cat Bounce!

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