Yeah it sounds really stupid "Bitcoin cash". But the chart disagrees. Looks like a long reaccumulation. I wouldn't be surprised if it explodes soon. Good to have some. Bullish on all scams.
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Probably easy 50% at least, so..
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All scams except Bitcoin sorry.
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This thing can be a miniature version of that. I bought some with market.
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Why was this chart so obsessed with 20W SMA? John, is that you?
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Unique chart indeed. I know of 2 other unique charts like this. TRX and DOGE. They are just likely to move against the market. TRX did so far.
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It's just not a retail thing you know. Degens don't be like "I'm just gonna buy this shit every time it touches 20W SMA for a year."
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They just buy what they are told to buy. Bitcoin for example. Maybe BCH is the Bitcoin we don't need but we deserve haha.
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Shit didn't close a single candle below it. Like wtf.
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Really good looking breakout imo.
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A chart doesn't get better than this. Peak performance.
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Fake Bitcoins season LFG
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Holy shit, it was the real one!
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This shit gets only better.
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And maybe CHZ btw. And maybe maybe ADA. Unique and good charts. Amongst the big ones.
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Remember $400? It can test it and continue.
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Some people are stupid enough to short this chart. Imagine.
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My only problem with this chart is that it's not sophisticated. And accumulation phase is not volatile. Feels like some big players maybe even only one big player rules the chart.
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It doesn't look natural in summary.
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And it's important for a chart to look natural. It's like asking "Has natural selection done its job here?” Are the holders believers? Do they believe in long-term value? Can one big guy crash it and so on.
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I'm completely out of BCH. fyi
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This doesn't mean I think it goes down from here. I've already expressed my concern about the macro outlook. I also have some concerns about lower tfs. I have better interest in other things without investing too much into crypto because of the high risk at this point.