DrJLT

BCHBTC deeper correction ahead (bearish crab)

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DrJLT Cập nhật   
BITFINEX:BCHBTC   None
I've been hoping for BCH to make a stand while BTCUSD is decidedly bearish & heading for 9k if not lower. Today, we see that BCH has broken the channel (see linked post). There's a high chance that it'll fall deeper against BTC.

I still expect a small pump tomorrow. But I don't think this will make a difference. The shills for BTC have successfully convinced that market that BCH is just another fork.

It's looking very bearish now.
Bình luận:
Yesterday instead of selling all I shorted BTC to hedge => what a dumb idea! Should've shorted bch and bought btc -> that'd be a better hedge (but both are going down).
Bình luận:
Looks to be on track. 0.1 BTC a real possibility.
Bình luận:
Was a good decision to sell my bch. Hallelujah.

While it's better than bitcoin, it's not better than the dozen cheaper alternatives.

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