Waiting for Bitcoin Cash to break $2,425

BITFINEX:BCHUSD   比特幣現金 / 美元
261 4
$2,425 is strong resistance and not a "buy" at this point in time. I would like to see Bitcoin Cash trade above $2,425 for at least a day on strong volume . Once it does this, I would be a buyer. Otherwise, it is dead money.
評論: Also daily volume has been very low which indicates lack of trades/traders.
評論: Has finally broken $2,425 level but not high enough volume for me to be convinced that it will hold. Let's see how the next few days turn out.
評論: As I stated on 1/6, there was not enough volume to convince me that Bitcoin Cash will stay above $2,425. Disappointing to see it go back down but not surprised. Still lack of big buyers.
評論: Continues to be weak. No volume, no buyers. Just stuck in this trading range.
Buyers and volume can come at any time. A break out is fierce, crypto are volatile. Ether glue your eyes to the chart or follow the trend
mkarias72 EtherSwinger
@EtherSwinger, Very true. The chart is more for traders. One can just buy at any price and hold for months or years and just let it ride! That is what I do.
Well a break is nice to trade on, but I'm 100% long on BCH, great potential here. We will see 5 figure BCH this year!
mkarias72 Mikelikescrypto
@Mikelikescrypto, Yes, the chart is more for traders who buy and sell for the short term. I am looking to buy BCH too as I already own BTC, ETH and LTC. Holding for the long term (at least a year). Good luck!
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