jdimon5

BCHUSD Volatility decreasing. 5-7d to see next climb/peak

Giá lên
BITFINEX:BCHUSD   None
Volatility is decreasing and correction has slightly reversed. The last correction included a large and short lived dip that I believe was related to panic selling at the idea that only one of BCH or BTC could exist and that the other would have to go to zero. I think we will avoid that dip this time around, as BCH has proven itself as a crypto in its own right that can co-exist along side BTC, and given people's recent memory bias of it's incredible percentage gain in it's most recent runs. According to this idea, we are entering another period of decreased volatility, which will eventually set the conditions to trigger the next climb. The good thing about this predicted idea is that it should remain fairly stable for the next 3-5d, allowing us to observe carefully for a few days before entering, or if a long position is entered, to set a very tight stop loss. If this period of stability continues for a few days, it will increase our confidence that this plan will unfold as imagined here.
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