Is BCH / BTC ready for Altseason? High risk 600%+ Potenc. Profit
Updated
BCHXBT Is approaching a strong support zone around 0.02359, a perfect buy if you believe that Bitcoin Cash have power to go up.Bitcoin Cash is known for its cheap transaction fees and active founder, but on the other hand it is not very respected by experienced traders.
Since BCH appeared, Roger Ver tried to overtake the real BTC and caused a lot of confusion for new crypto enthusiasts and all. Because of that it got a lot of hate and was pumping fast but dumping even faster.
My personal opinion is Neutral, entering long near support zone is a great opportunity but also a high risk.
High risk consists of losing the support and dump lower than Challenger Deep (the deepest known point in the Earth)
Risk:7
Reward: 7
What do you think about Bitcoin Cash? Are you positive or negative about it and the project in general?
Trade active
Buy zone reached, Happy trading!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.