Ive been following this thread closely and reduced my BTC hedge for BCH. Normally I hold at least 60% BTC and use the other 40% of my portfolio between other coins and cash. But seeing as BTC has nearly reached my target of ~$4730 (about $200 away) and the new information I have gathered from these threads. I scaled out of my BTC hedge and into BCH when it was consolidating at $300. Price seems to be rocketing upwards and if this all holds true, then we should see BCH emerge as the new bitcoin . However, do your own due diligence and invest wisely.
This weekend we will see another difficulty adjustment and if BCH continues rising in price it will soon be more profitable to mine.
We still haven't had the difficulty adjustment, but if you look at fork.lol it approximate's we will see that adjustment in roughly 1 day and 10 hours. So keep your eyes on this. It's possible that when the adjustment happens, some more miners might switch over because it will be much more profitable and we will see a spike from the excitement.
Here are the levels I will be watching.
The last correction we had took 9 days and 20 hours. It retraced more the 78.6%.
I highly doubt we will see this correction go much lower than .618 but that remains to be seen.
It's really a complex issue, but I think I understand it enough to sit back and wait until the people figure out what they want.
Here's a quickie of Bitcoin. I NEVER trade H/S. But I figured I'd throw it out there to see if it makes sense to anyone else who might? Not afraid to say I don't know everything.