@Z1
Entire BCH Twitter community waiting to see if it's going to double bottom against BTC. https://www.tradingview.com/x/D79rdbOp/ Get ready for a puke phase...
@Z1
@Z1
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2 comments
Yup. I see no reason for a bounce. Nothing to get excited about in BCH. All the money is being made elsewhere.
Volume in btc pair is very low as it descends compared to last time - there’s only two possibilities- either there was a coordinated pump and dump (exit position created) to get out at 1600 or this is a low volume retest of the low to start a trading range. The fact that everyone a tweeting about a double bottom tells me to expect a half decent fake out past the bottom in a positive scenario. Negative scenario sees a new trading range trying to form a bit lower. It’s a viscous bear market against BTC.