This is a long term buy and hold coin. I doubt it will ever go below 1K again.
zippy1day
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@astrologychick, We will see but no buying opportunities here its dead lol
astrologychick
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@zippy1day, You might be right. I'm not a trader. But that chart looks a lot like it might be a double bottom to me.
zippy1day
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@astrologychick, Double Bottoms take time to form so too early but may I suggest it may well range trade between a&b but if it drops below (a) I would hold fast with the correction scenario.....sorry if I upset you being a holder! I sold my BCH after the initial drop because it broke the "Ugly Bottom" rules see my chart to clarify.
@zippy1day, Yeah, that makes sense. I am not upset, lol.
Right now I am debating selling 3 ETH to buy another BCH since I believe on fundamentals that BCH will far, far outpace any ETH growth. Just waiting to see what BCH wants to do in the short term. And if it does range between a & b then I might trade that range. I just have noticed that in the past BCH will range into a wedge then either break out to the upside OR slide downwards before making a breakout move. So, the range trading thing doesn't seem like that safe of a move.
invisiblefriend
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@astrologychick, I'm debating very similar situation ?? hmmmmm best of luck my friends