BCT / BCH experienced a coordinated pump/dump that spiked the price of BCH up to $5K and has (so far) found support at the $3000-3200 range.
I'm not 100% positive the first wave down after the peak is a 5 wave impulse down or a ABC correction.
If a ABC correction BCH should move up before hitting the B point.
If a 5 wave (which I think it is) expect to retrace down to the fib support lines. This puts us in line for another pump during the Asian prime time.
Buy level .18 to .19
Sell at the fib lines. I suspect they'll aim to set a slightly higher high this time around so TA traders like us see a trending up starting in October/early November to now. They want to present BCH as the true bitcoin, which it is in my opinion.
Once the pump starts, you won't be able to get in with anything other than a market order so buy now!
Expect the exchanges to crash, delay, freeze, etc. I had to resort to selling BCH from my phone this evening because the website kept freezing/crashing on me. It was a race to hit sell before the (Binance) phone app would crash. Crazy.
The flippening won't take place in a single night. Probably. So set sell targets to .34 and .40 --- as high as .50, holy smokes.
Good luck!
Expect a supported price of $5k early January.
I'm not 100% positive the first wave down after the peak is a 5 wave impulse down or a ABC correction.
If a ABC correction BCH should move up before hitting the B point.
If a 5 wave (which I think it is) expect to retrace down to the fib support lines. This puts us in line for another pump during the Asian prime time.
Buy level .18 to .19
Sell at the fib lines. I suspect they'll aim to set a slightly higher high this time around so TA traders like us see a trending up starting in October/early November to now. They want to present BCH as the true bitcoin, which it is in my opinion.
Once the pump starts, you won't be able to get in with anything other than a market order so buy now!
Expect the exchanges to crash, delay, freeze, etc. I had to resort to selling BCH from my phone this evening because the website kept freezing/crashing on me. It was a race to hit sell before the (Binance) phone app would crash. Crazy.
The flippening won't take place in a single night. Probably. So set sell targets to .34 and .40 --- as high as .50, holy smokes.
Good luck!
Expect a supported price of $5k early January.