I’m calling BCH bottom here. Why? Cause BTC& ETH volumes spiked at a low price meaning bulls “capitulated.” This signal is reliable for stocks. But crypto world? Hope it signifies the same
I agree, just bought at 513, got each of my kids one full BCH
BTW this kind of signal was 100% relevant for all the BTC bubbles in the past. I called the last capitulation that way.
So do you feel we are at or very near the bottom? Cryptos getting crushed. I’ve only been in sphere since 2014.
whole market can still be slashed by half
After mt. Gox BTC dropped more than 80% from the ATH. If the same happens now BTC = $2500 and mining will be unprofitable so it'll death spiral.
While I would hope you would be correct I think we still have a fair way down to go.
Do you have any charts showing that? I was looking for the same signal.
