Long

Interpretation of BCC

Updated

Posting this to keep track of being wrong later on.

Large number of fundamentals in place
-mining profitability
-use case
-btc future & segwit2x fork
-access to supply
-total supply
-twitter emotions
-what do you do with your free money
-ABC correction or falling wedge and downwards channel?
-locking in cross exchange arbitrage / or not anymore

While I am only betting small on this - I am bullish BCC/BTC. Happy to complete the idea later with more details

Note

Looking at Volume Profile levels - where the most activity happened and how I see it.
Where can we expect the movement next.

I think there's plenty of gaps to fill and plenty to correct, even tho I am aware that the ABC target is still 50% lower roughly.

Would you want to risk not holding the Bitcoin that you got for free and has a chance replacing the other Bitcoin - People will Fomo because of this I think.

I believe in risk management is trading - not making the right calls.

Note

The target of ABC correction after the massive drop was hit (0.057ish) and we've turned up. Hope you guys had low bids, but most of all did not sell 0.057 :)

I'll be holding BCC - good luck!

Trade closed: target reached

dancsopet

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