Bitcoin Cash (BCH): Will it Crash?
SUMMARY
Given how methodical and incremental and systematic this very healthy correction across the Cryptosphere has been; a crash scenario would take immense amount of firepower reload from the sellers as since early in 2018; they've spent much of their ammo!
The below chart shows the subwaves of what could be a potential wave 5 of C corrective wave. IF this is correct, then a downside target of around $682 is likely. Could it go lower? Yes, but I believe much of the seller ammunition is spent!
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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BCH has been much more reliable than BTC as far as making transactions. I'd like to see it overtake BTC and move into the lead.
Many thanks to you.
if BTC goes all the way down to only under the level of 700 usd (your target 682 USD ), then I believe the whole world will be on fire, and they will surely take advantage of the ridiculously low price to purchase BTC. I cannot even imagine it to go this low! but if it will, I will try to have money left over to perhaps buy you one or two bitcoins as well as the rest im cashing all in on ! ;)
I bought back a little bit early, but I will still be all smiles when it hits 10k
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Based on the other currencies falling and rising in line with bitcoin, BCH should actually be expected to take a loss only to recover and potentially break through to a higher price per token. It's healthy
I hope not. Thanks for this post. Following you now, hope to hear from you as well.
Good post! I am thinking crypto is going to be on it way up now.
flag me bernie
Wow!! this comment made me laugh. I didn't expect someone to outright say this~
Oh, well...
It's sad to see battles like these in this community.