Today we are watching BCH with 1 day sticks. In the beginning of this year we saw BCH playing at about $2500 and just a month later we are taking notes on $1200. The correction has been going on for more than 40 days so we are all hoping it will be over soon.
If you look at the last 10 days, we have seen BCH dropping more and more but I think there's a very good buying moment at $1100 within 3-4 days. Looking from 22/01/2018 until now we might see an inverse head & shoulders coming up with the left shoulder already formed. I guess that the head will reach $1050 - $1100, a good buying point, and then will rise again too $1600 - $1650 where it will be testing the place to start a right shoulder.
Anyway, i'm convinced that towards the end of February we will have BCH above $2000 again so buying it now can result in a 100% profit within a month.
Why do you think that? Could you explain some more?
Greets Fabio
stasiek87
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@FabiuccioGriffet, it is bubble. Someone invented it, made great marketing - more advertisements started to be visible from March 2017 - BTC started growing, this whales paid to governments and newspapers to be polite for BTC. Now they take profit, they did Futures, they paid governments and newspapers to be impolite for BTC. It is fully manipulated market. It is END. Will never go up. In 2017 each friend asked you to buy some BTC or other alt. Today each friend ask you to sell or HODL which is worst decision you can do. Anyway you see only bad news - it must go to something close to 0 value.
FabiuccioGriffet
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@stasiek87, I can agree that the last months we have only seen bad news. First, I would like to point out that what comes on the news contains nearly 10% of actual correct information about the coin in subject and an article gets adjusted a lot to please readers intensions. Let's say you're right , not that I agree , what makes you think they would not let it rise again to start another profitparcours? In the stock market we can see similiar events taking place for some, does that mean that every stock that goes down for a while or when people lose a bit faith in it will be doomed to go 0 value ? Or can some gamechanging events turn the market anyway?