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RE: Bitcoin Cash (BCH): Can you see the Forest from the Trees? Technical Analysis can HELP!
Watched BCH these last days but did not buy... BTC is back above 10k after falling 2300 in just one hour... it was breathtaking to watch, Niagara ;) Would you have a look at what this guy has to say ? Just five minutes
Mass adoption is just starting, a massive correction is nowhere in sight. Just not possible. The $300 billion market cap is a drop in the bucket compared to what 2018 will bring. I wouldn't sell anytime soon, especially this month. Unless you're a day trader and you need profits to eat.
I think you are right about this
very possible. Haejin previously called a massive correction down to sub $1000 once wave V of V is complete (think we may have just seen iv of V). Since price has gone up way higher than his first count, $3000 could be more likely than $1000 IF the massive correction occurs.
Well, I got out before, awaiting the retrace (and missed out on the spike) but hadn't counted on THIS... lets see it philosophically, it either goes wild again or we'll have some very interesting buy opportunities soon.
The correction won't be an "if", but a "when". We are absolutely witnessing a parabolic movement in cryptos right now... how high will it go? We'll all wait and see. I believe the depth of the correction will be dependent on the time frame in which it occurs. The longer the correction (the slower and more steady the decline) the deeper it will grind. If we simply see the legs swept out from beneath the market, it will find its feet again rather quickly and I don't believe BTC will approach the $1000 (or lower) mark if that is the case.
I believe the When will be when the Alts are done singing their bullish oratio
The MASSIVE correction not until the Alts sing their song on stage.
I completely agree with you.