As you see from the chart bitcoin cash is looking quite bullish. Last time when it did a breakout it exploded and we can expect similar movements from it now. If nothing negative happens to the crypto market then this trade will pay off quite soon. + Stoch RSI is pointing out upward movements also.
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Update:
Let BCH play it out, while we are over the support, the only way is up.
flase break out, lost small furtune. Better get out of market at this time, it seems every thing is correcting.. unless you are sorting?
jollygreen
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@Nepala, I'd recommend never selling on corrections. BCH is already back 14% from the panic low. Yes, you need stop losses, but those are fail safes for the bottom dropping out of the market. These corrections are just short term spikes where exchanges are having problems causing limited BTC bleed.
Quin73
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@Nepala, filled my bags at the discount bag thanks to weak hands. cheers
Nepala
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@Quin73, @jollygreen Thanks, i agree, i got fat finger this time. But its down 500$ from the point i sold ( cex.io ) . Don't have the patience to wait few days for leg up.
@decflow, nothing bad happened. its just a true full correction. Hold your shit it'll be fine in a month or two. Also be careful of what you believe in the media. Its all propaganda in one way or a another. Research. Educate yourself.