I had recommended trading some wave choppiness over the last 24 hours and now it is looking like support will fail and it will be moving to lower support areas. a weaker consolidation.
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my feeling is that if it breaks below 1275 then the next level of support is 1050
I think it does look bad.. but if u think rationally, all of these manipulation just for the dump does not make sense. I don't know how much they dumped exactly, but they have to short btc at cost meanwhile bch actually is getting adopted by many ppl and business, so it seems silly to stop right here... however, if we look at the past, it does look like bch had a pump and dump pattern, so.. I am not so sure..
graham.edwards84
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@ixflo12341, i don't even try to make any kind of rationalization any more except in terms on the technical soundness. I gave up and moved to something that made sense to me and it was very helpful...
ixflo12341
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@graham.edwards84, I see, damn.. it's difficult to trade lol
graham.edwards84
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@ixflo12341, yes true .. trading has an entirely different strategy than investing.