Don’t wait for BCH to break 450 before you go gamble on whether it will break 500 and reach 700. When it moves up, it doesn’t make sense; when it drops, it also doesn’t make sense. The harder it falls, the harder it rises—just like ZEC. From 800 down to 180, many people thought it would blow up, but they didn’t expect that the short-side main force was cleansing long positions. Then during the rebound, in just one night it quickly returned to 400, making many would-be buyers who missed the move too afraid to take over and buy at 400. They stayed rational, bullish, and waited for a pullback to re-engage. They didn’t choose to short—but the market didn’t give any opportunity, and in the end they missed the following 1000-point run. $BCH
If BCH can hold above 300, then 450 is definitely not its ceiling. Even if there’s a pullback, it can’t possibly go back to 300 again. Once the car starts, it’s only a matter of how fast or slow it goes—it won’t turn around in place to pick up the passengers who missed the departure time. Because the main force all knows: when sentiment turns, the more it’s lifted, the easier it is. Crushing the market to unload (dumping on the way down) is the worst strategy. Only lifting while distributing gradually can maximize the profit from the float.
If BCH can hold above 300, then 450 is definitely not its ceiling. Even if there’s a pullback, it can’t possibly go back to 300 again. Once the car starts, it’s only a matter of how fast or slow it goes—it won’t turn around in place to pick up the passengers who missed the departure time. Because the main force all knows: when sentiment turns, the more it’s lifted, the easier it is. Crushing the market to unload (dumping on the way down) is the worst strategy. Only lifting while distributing gradually can maximize the profit from the float.