I don't fully subscribe to this idea, but the chart is clear. We have a weekly rally for 2 more weeks, daily currently in a pause, but could rally again in 3 more days. This basket hit the first weekly target, so it could stagnate if BCHUSD keeps falling, or, it could rally to target #2 over 14k. It might not be a bad idea to reload on BCH, to match your numerical amount of BTC held, if you sold already -ideally higher-. Let's see how it evolves...Once this rally ends, we might start a bear market for 2 years, possibly due to the mess caused by miners and the political factions in BTC. Some altcoins might benefit from this, like ZEC and XMR which I already discussed in a previous publication, or LTC, that could be seen as a BTC replacement, without the drama, or many more. Will be an interesting period, a boon for 'stock picking'.
Cheers,
Ivan Labrie.
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I just notice the typo in the title: like some say...not someone. Darn.
Very dangerous to 'pitch' Bitcoin Cash to your followers, no matter what the technicals say really. The price going up was from 1 exchange and 1 group of people only. After being wrong about Zcash in your previous analysis, this is also very tricky.