Here are my thoughts on why it would go up. First, Roger Ver on interview again tonight. Second, looking at the dailies give us a good idea of the pattern with BCH lately. Third, BTC is now on a downtrend, so money is looking to flow elsewhere. It seems like it is XRP for the past 12 hours, but it switches between LTC, ETH, BCH, IOTA, etc. Fourth, magical thinking and hoping to make money!
@Skatespeare, Why not? This is my trading timeframe. Different strategy if you're looking 2-3 days ahead =)
Malkaviano
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Well I agree, but can You explain Your reasoining?
Flat triangles are usually break towards the flat side.
VincentLeBlanc
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@Malkaviano, I guess I could elaborate! Here's what makes me think this.
First, Roger Ver on interview again tonight. Second, looking at the dailies give us a good idea of the pattern with BCH lately. Third, BTC is now on a downtrend, so money is looking to flow elsewhere (seems like XRP for the time beeing, but it switches between LTC, ETH, BCH, IOTA, etc.).. Fourth, magical thinking and hoping to make money!