BCHUSD facing resistance zone

BITFINEX:BCHUSD   Bitcoin Cash / Dollar
A response to the Grayscale investments sell off publication on

“$57M? Thanks for that, I was wondering how much they have to unload. If it is $57M, the market will soak that up. In the last 24 hours alone, there's been $1 trillion Bitcoin Cash transacted. They could even unload that in a day and it will barely be noticeable on Bitcoin Cash's price.”
+1 Antworten
@SheriU, with the average 1 Billion 24 hour volume, their 57 mil is a drop in the bucket.. i doubt they'll unload in a short time frame as they want to ensure maximum gains for their investors. Wish i could strike a deal with them and buy this up for 75c on the dollar
+1 Antworten
SheriU TeamBigWin
@TeamBigWin, I’m guessing with all this advertising a big buyer could potentially contact them for an OTC negotiated bulk buying price... I agree, 90 days, if you are smart, you would sell it off slowly for better gains.
SheriU TeamBigWin
@TeamBigWin, just stumbled across this BCH card :)
@SheriU, I love it! I just wish there would be some consistency in the name.. BCH, BCC, BTCC.. seriously already! I think it needs to follow Etherium and Bitcoin should get renamed bitcoin classic, and BCH be renamed Bitcoin and be done with it all..
+1 Antworten
SheriU TeamBigWin
@TeamBigWin, I know the BitcoinCash team have communicated with exchanges to update the ticker to BCH ... some have announced changes...
sending thanks from USA for the great analysis!
Thank you!Thank you!
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