All I can say is THANK YOU to the coretards who have relentlessly spread misinformation about BCH. You allowed me to slowly fill my bags at dirt cheap prices. Now I'm expecting one last retest of the mid $600s before the big blast off. We might visit the high 800's/low 900's, but if you look at my last prediction, I'm sitting on a fat one, and this is good enough...
As predicted in my April 5 post, the price of BCH retraced and found support at previous resistance. The waters might be choppy in the short term, but the trend is expected to continue to new mid-term highs.
We were all watching with great anticipation to see which direction BCH would break out, as the signals were mixed. Though it appeared to break to the downside, the price quickly rebounded and now appears to have found support within the original formation. This false break to the downside sets things up for another attempt at breaking to the upside. What do you think?
Now is a great time to buy... At the bottom of a strong ascending triangle pattern. I expect the dollar to roll over and continue its down trend in the coming days/weeks. Expect $50 silver by this summer.
Not trading advice
The market has rejected the bearish scenario, for now. Another test of the indicated support is unlikely in the near term. Expect BCH to continue trending in the channel indicated. With a number of interesting projects coming down the pike (moeing, MVT), there exists a scenario in which BCH could break this channel to the upside, visiting new local highs in the...
People never want to buy an underperforming coin, and then say "I should have bought!" when it's price catches up to it's fundamentals. BCH is the most undervalued coin on coinfairvalue.com, and anyone who doesn't get onboard now will be saying "I should have bought when it was cheap!" in a few months from now!
As you can see, my Jan 15 prediction was spot on. Like and comment and I will post an updated prediction. In the meantime, bitcoin cash (BCH) is setting itself up for a massive 2x breakout.
In my estimation, BCH/USD and XAG/USD are currently the two most undervalued assets in the entire market. Don't miss out!!!
**JUST MY OPINION. NOT TRADING ADVICE.**