Updated
BCHBTC possible rounding bottom reversal
There's little doubt that BCH has been underperforming BTC. I personally have suffered financially by not selling my BCH to BTC when it was 0.5 or 0.2. It's been really disappointing, but the time to sell was before -> not a good idea to sell the bottom now.
There's a possibility that a rounding bottom is forming -> it's critical that BCHBTC doesn't fall under 0.12. Otherwise, it'll be time to run.
It is too early to say much more. I'll keep a close eye on it. There are two things that we should know:
1. There's another difficulty adjustment for BTC in less than 30 hours. There may be a pump of BCH.
2. Next Monday CBOE starts trading BTC derivatives. BTC is likely to remain bullish till Sunday. What happens afterwards is anybody's guess.
Check out my website:
jlteng.com/
There's a possibility that a rounding bottom is forming -> it's critical that BCHBTC doesn't fall under 0.12. Otherwise, it'll be time to run.
It is too early to say much more. I'll keep a close eye on it. There are two things that we should know:
1. There's another difficulty adjustment for BTC in less than 30 hours. There may be a pump of BCH.
2. Next Monday CBOE starts trading BTC derivatives. BTC is likely to remain bullish till Sunday. What happens afterwards is anybody's guess.
Check out my website:
jlteng.com/
Note
This idea is invalid nowI think my previous feeling was probably right
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.