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RE: 1/10/2017 The Market View and Trading Outlook
Like you always say... money can't be in two places at the same time... which also applies to your money... clearly LTC and BCH are gearing up for a rise while BTC mucks around and ETH is enjoying the highs... temporarily.
I still have never bought BCH... for so long I saw it as a dodgy get-rich-quick scheme designed to steal from my BTC holdings... I really need to get over those emotions.
Objectively speaking it is technologically superior to BTC. Assuming that it is BTC but a superior product, it sure looks to be underpriced at the current $2500 level. Also oddly, I have not forgotten my conspiracy theory flippining idea either. The weekly on BTC may go Uggg, which would be bearish as BCH goes on a run toward 7k plus.. bringing the two dangerously close together in terms of price. At which point a changing of the guard would not be so out of the question. Again pure conspiracy at the moment.. LTC seems to be in phase with BTC right now, whereas ETH is not. LTC is slowly gaining ground on the LTC/BTC pair a sign of strength and usually indicative of a run up at some point, but not seeing it in the super short term. That is why I started moving to BCH 2 days ago, go to the charts and look at the BCH/BTC pairings, especially last night.. You saw that BCH was accepting the gains on BTC but shaking off the losses and it was gaining ground. That said BCH is finkle and loves to go to 2700 then down to 2300 again.. so I'm watching it as it is a sneaky fucker at times...