Bitcoin Cash - let the correction begin!
Bitcoin Cash / Dollar (calculated by TradingView) BINANCE:BCCUSD
I have warned everybody just 2 days ago about BCH being overbought. And now you see, that we definetely started such a needed correction. The whole market was pumped and now it´s a question how much dumped it will be?
My opinion? A lot!
As I mentioned earlier, BCH started a new cycle and now is the question where to jump in to see an incredible ride? There are three options, that you can see on a chart. In my eyes it looks like we´ll correct to the long term trendline . That´s the 800-730 level. We have 2 more supports on the way, so we have to wait and see what BTC is about to do, but in my opinion, this won´t be quick and pleasant for HODLers.
Thanks for checking, as always I am totally open for discussion in comments, if you ike my idea, than please like and follow, there will be much more of incredible content!