blockchaindedi

$BCH Experiencing a Hard Bearish

BITMEX:BCHXBT   None
Bitcoin Cash is a partner with Bitmex in implicit or explicit way. As you know this coin is fork of Bitcoin which claiming that it is more faster than Bitcoin . The controversy is that Roger Ver and the whole Bitcoin Cash team is scamming the Cryptocurrency with this coin, with all of the shady actions that they've made. This rumour spread among crypto twitter OGs. Rumour is rumour, profit is profit.

Despite that circumtances, in technical part, we've experincing one the most hard bearish on Bitcoin Cash / Bitcoin chart for 140 days after spike on small bull run of April.

We're not find the bottom yet, We don't really where it is, but as the RSI level is below 50 and MACD is very bearish right now, it might turned as reversal. But too early to spot so, as we are looking forward for more sentiment in the next few months.

If you wanted to go long on BCH, please don't use leverage yet. Just use Binance or another non-leverage exchange. or just use leverage. Trade safe, since Bitcoin Cash fundamental is really weak because of a lot of haters and shady acts, plus the chart is not looking really good right now.

for short-term i'm more bearish .
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