In wake of the coming fork, i believe attention somehow will find it's way to Bitcoin Cash.
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Here's what i mean by breaking out:
Once 360 goes, it's a safe long.
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I believe crypto is a bout to experience a larger correction. Even though BCH is bull, it'll be pulled down along the rest of the market. Look for a good entry when BTC bottoms out.
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Question is wether BCHUSD can sustain the growth while the rest of crypto falls apart. I believe we saw it once before.
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Interim target close at 600-620.
Bigger picture:
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Long this
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About to break upwards
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Trading ditutup: target tercapai
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I closed earlier at 570. I believe we are due for a small retrace to 430-450 area before more up later in November. I'll post a new BCH trade soon.
The gameplay here between the powers that be would appear to favour an all-out effort to capitalise on any new downtrend in Bitcoin to overtake with Bitcoin Cash.
This time round the Bitcoin bubble will not pop spectacularly like before - too much liquidity now. It will be slower, so I'm starting to think outright panic will not spread. I believe an extended period of altcoin bull runs for specific coins will come into being.
This time round the Bitcoin bubble will not pop spectacularly like before - too much liquidity now. It will be slower, so I'm starting to think outright panic will not spread. I believe an extended period of altcoin bull runs for specific coins will come into being.