$BCH is down 8.1% on the day and still up 13.27% on the week. that's a pullback inside a move, not a collapse.
the news feed is full of fork talk right now, mostly about replay attacks and what happens to your coins when a chain splits. none of it says BCH itself is broken. this coin was born from a chain split, so fork headlines are its home turf, and i think the dip is people reacting to the neighborhood, not the coin.
it already got rejected from $298 and has slid back to the floor of the day. that's the spot where a bounce either shows up or it doesn't.
$BCH trades at $272.2 right now. if it holds $268.4, the 24h low, i think the week's gain stays intact and $298 gets tested again. if it loses $268.4, i'm wrong on this and there's nothing to defend. if you're already in, that break means the week's bounce is over and you shouldn't hold on hoping.
$268.4 holds or breaks?
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the news feed is full of fork talk right now, mostly about replay attacks and what happens to your coins when a chain splits. none of it says BCH itself is broken. this coin was born from a chain split, so fork headlines are its home turf, and i think the dip is people reacting to the neighborhood, not the coin.
it already got rejected from $298 and has slid back to the floor of the day. that's the spot where a bounce either shows up or it doesn't.
$BCH trades at $272.2 right now. if it holds $268.4, the 24h low, i think the week's gain stays intact and $298 gets tested again. if it loses $268.4, i'm wrong on this and there's nothing to defend. if you're already in, that break means the week's bounce is over and you shouldn't hold on hoping.
$268.4 holds or breaks?
follow me for more calls like this.