After the first successful pump of BCH we can await further bullish continuation with a second wave which will be followed by a sharp dump. This requires BTC to stay in it´s current sideways range between 4000-4400 USD
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to enter this trade we should wait for a bullish signal because we could enter a short sideways consolidation which can last the whole day.
i will update this chart once i think we will reach this point
Trade active
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Bought 1/5 Position
Trade active
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Bought 3/5 position
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bought full position
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actually not a fan of Elliott Waves but it looks good
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dumped everything for 0.165
if there will be a third wave ill post a new update
Caught the first of the two waves but seems I exited prematurely after all. Not sure this pump is sustainable though. Have you seen the divison of hashrate among the two Bitcoin chains? fork.lol/pow/hashrate If nodes on a network is a fundamental indicator of 'a networks worth', BCH should be closer to 7%, i.e. 0.07btc.
Pato99
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@fulrik, its a pump and dump probably and thats all. i didnt even research fundamentals, just saw it is a great trading opportunity
CoinDreamer
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It is already 600usd...a worthless new altcoin, dont you think it is overvalued.? :P
Pato99
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@CoinDreamer, i don´t care if it is overvalued or not, i am here to make money