Looks like probably can get more down, but know that bch has a good m.cap and that whas worth more than 2700usd, do you consider 230 usd enought or maybie cause btc will fall probably more is till not bottom?
First, it's really hard to time the market and buy at the bottom, even TA can't really predict if we have reach the bottom for BCH. Second, even if someone says it's a good buying signal, most likely he is a bagholder of BCH and obviously shilling for it.
What would I advise you is to try and buy in small portions and see how it goes. Maybe we can see another dump, if that happens then buy at the dip. If the price goes up, unless you have entered, don't go all in as you might get burn early.
Usually I think of that also when someone is saying that this is a good time to buy this and that.
That they own such alt and wanted others to buy it so the price may increase in the market.
For me, there's no right time or wrong time when you are investing in crypto.
As long as you are practicing the simple rule of trading - buy low, sell high, you are good to go.
