Topic: Bitcoin Cash After Bull Move Fails (Read 137 times)
Roger Ver must be having nightmares with all the money he and his friends are burning trying to keep bcash relevant.
Recently, there are a lot of FUD, but the course is gradually leveling off. And it's definitely not right time to sell..
If the upcoming bull run some how breaks the ATH by a considerable amount from this Oct-Dec, expect next years Oct-Dec total crypto market cap to hit in the multiple trillions.
BCH witnessed an upside break of the congestion last Wednesday, but the follow-through has been anything but encouraging. Contrary to expectations, the cryptocurrency failed to see a sustained move above $2,800 on Thursday.[1]
The price action is referred to as "fakeout" – that is, when prices fail to rally following a bullish breakout and actually drop. A fakeout usually ends up turning the tide in favor of the bears.[2]
The price action is referred to as "fakeout" – that is, when prices fail to rally following a bullish breakout and actually drop. A fakeout usually ends up turning the tide in favor of the bears.[2]
Do you think BCH looks good, heavy or panic to sell?
Source : https://www.coindesk.com/bitcoin-cash-looking-heavy-after-bull-move-fails/
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