BCH/BTC had a nice retrace back to $750 ishh.
When a coin breaks out, it falls back on its support in most of the times.
This is where I bought in ($1200 ishh).
BCH/BTC formed a nice bottom.
After such an correction, is this an example of a situation where the risk to buy is lower then the risk to sell.
The buyers therefore are in a better position and will gain strength in the market.
In a situation where the price retraces 88% (which is completely normal for crypto) the risk to rewards ratio becomes interesting.
The buyers can take over the market again and drive the prices up.
Let the waves ride and become profitable!
Targets:
$1600 ishh (100% from bottom)
$2300 ishh (200% from bottom)
When a coin breaks out, it falls back on its support in most of the times.
This is where I bought in ($1200 ishh).
BCH/BTC formed a nice bottom.
After such an correction, is this an example of a situation where the risk to buy is lower then the risk to sell.
The buyers therefore are in a better position and will gain strength in the market.
In a situation where the price retraces 88% (which is completely normal for crypto) the risk to rewards ratio becomes interesting.
The buyers can take over the market again and drive the prices up.
Let the waves ride and become profitable!
Targets:
$1600 ishh (100% from bottom)
$2300 ishh (200% from bottom)