BITCOIN CASH - Will we test to go back in the triangle ?
Hello all,
After the big drop of yesterday, we are having a little up called often a reversal.
Now this reversal is very important because it will tell us if it allows to the BCH to go back in the triangle and have a possible break out up or just make a pause before the next drop.
Please look the chart below to understand the 2 scenarios possible :
Take care all,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to loose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BITCOIN CASH - Allons-nous tenter de réintégrer le triangle?
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Looking at rthe real situation, I would say that BCH may be headed on a downwards trend permanently. Even if the ETH releases their mining rigs when they switch to POS, Segwit 2x may be out, giving little reason to stay with BCH.
ETH isn't designed as money first, it was designed to trigger contracts. Bitcoin Cash is just the old version of Bitcoin before Central Banks added segwit. If you believe in the original version of Bitcoin, BCH is the way forward.
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This could be a big pivot for BCC. I love Bitcoin Cash and do plan on buying make in at the right time. I don't think this is the time though based on what I am seeing on the chart. However, I'm not pro. Let's hope BCC can ramp back up
Hoping to wait a little longer before buying in. I guess I'll see soon whether that's the right choice.
Wow. I really wonder what will happen next, You should do an analysis on binance token that would be really cool.