Yea man surprised with lack of BCH analysis around the web. found one. Shit it corrected so fast and went all the way to 1100 on bittrex I think it might be on its way up again. Just wanted hear some opinions
Yeah, if you watched the evening update BTC video, he addresses the correction that happened this morning with BCH. It's balancing between a possible inverse relationship with BTC, but this is a big point in the crypto markets....if they will actually ever flip remains to be seen. I wouldn't count on BCH skyrocketing again unless the chinese miner undermining BTC rumor is true, but you can't count on rumors. Your best bet if you're worried about either, is to have both or none of either. Other coins may lose value if the do flip positions, but then they will be compared to BCH and regain that value theoretically. I think you can't find much on it because no one is really sure what to make of it. I can tell you this though, haejin has in no way indicated that he thinks BTC is going to zero at this moment. Although the fall is imminent, the latest analysis is an uptrend....and they are both currently correcting respective to their direction last night. It takes some time, watching all day will only make you more nervous about it. Setting timers or alarms for price hits is a good way to ease the mind and take some time away.
Yea man surprised with lack of BCH analysis around the web. found one. Shit it corrected so fast and went all the way to 1100 on bittrex I think it might be on its way up again. Just wanted hear some opinions
Yeah, if you watched the evening update BTC video, he addresses the correction that happened this morning with BCH. It's balancing between a possible inverse relationship with BTC, but this is a big point in the crypto markets....if they will actually ever flip remains to be seen. I wouldn't count on BCH skyrocketing again unless the chinese miner undermining BTC rumor is true, but you can't count on rumors. Your best bet if you're worried about either, is to have both or none of either. Other coins may lose value if the do flip positions, but then they will be compared to BCH and regain that value theoretically. I think you can't find much on it because no one is really sure what to make of it. I can tell you this though, haejin has in no way indicated that he thinks BTC is going to zero at this moment. Although the fall is imminent, the latest analysis is an uptrend....and they are both currently correcting respective to their direction last night. It takes some time, watching all day will only make you more nervous about it. Setting timers or alarms for price hits is a good way to ease the mind and take some time away.
Looks like the bearish scenario is coming into play. I have charted 5500 as the bottom. Let's see what Haejin says...