Short
BCHBTC deeper correction ahead (bearish crab)
Updated
I've been hoping for BCH to make a stand while BTCUSD is decidedly bearish & heading for 9k if not lower. Today, we see that BCH has broken the channel (see linked post). There's a high chance that it'll fall deeper against BTC.
I still expect a small pump tomorrow. But I don't think this will make a difference. The shills for BTC have successfully convinced that market that BCH is just another fork.
It's looking very bearish now.
I still expect a small pump tomorrow. But I don't think this will make a difference. The shills for BTC have successfully convinced that market that BCH is just another fork.
It's looking very bearish now.
Note
Yesterday instead of selling all I shorted BTC to hedge => what a dumb idea! Should've shorted bch and bought btc -> that'd be a better hedge (but both are going down).Note
Looks to be on track. 0.1 BTC a real possibility.Note
Was a good decision to sell my bch. Hallelujah.While it's better than bitcoin, it's not better than the dozen cheaper alternatives.
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