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RE: BITCOIN CASH (BCH) SHOULD BOTTOM VERY SOON, IF NOT ALREADY! Here is My Analysis of a probable TURN UP!

in #bitcoin7 years ago (edited)

Very important rule
Never try to catch a falling knife ,
BCH is a falling knife
IMO there’s nothing attractive about this chart , it’s all downhill from the beginning with a few pumps in between.
upcoming BTC FORK is probably the reason for the rapid decline.
creating a new altcoin from btc again will make bch less valuable.
Coinbase will most likely Have the new bitcoin gold crypto available for trading immediately according to Charlie Lee
very bad news for BCH,
looking at the charts doesn’t tell you what I just did , but it tells you to stay away ,
due diligence is needed to find the reason for decline .
It’s all down hill ...
I’ve got burned also ...