Hi there, Bitcoin cash has a lot of potential after bitcoin. It has already moved more than $1000 in just couple of days. Watch for correction and look for buy and hold it for longer term. It has the potential after Bitcoin to reach the $5000 mark in just couple of days.
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Thats the potential we have on this pair we hit the 2800 overnight. even without the correction thats the strength of this pair. any way watch trend line and look for buy. if breakdown then let it come close to the 1000 area before any buy.
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Lower the price gonna give you better opportunity to hold it for longer term.
To the two previous comments - he may be a noob but he might be right & there's no need to take in fundamentals and sentimentals of why BCH is rising. It's simple. There's a direct correlation to BTC dropping and BCH rising. Traders are simply pulling out of BTC and buying BCH. There may not be a retracement. BCH could easily overtake BTC. Noobs
Could you explain me why you expect a 2 month correction?
I saw someone else reacting about it too, but I'm just really curious (and that person was just trolling I believe).
I think BCH is really in the hype right now, so I think by the time it is february either BCH or BTC will be king and the other one will be down all the way.
All though, I heard a couple of guys saying also that this might take two more months.
I'm curious in why "two months" (specific time) is so important.
dgannon50707
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Good analysis - I want to re-enter at 1,100
Wave-Trader
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@dgannon50707, longer term buy close to 1000 is much better opportunity good luck mate
dgannon50707
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@Wave-Trader, Thank you - appreciate that... still learning :-)