Bitcoin Cash: The Technical Price Action Behind BCH
Cryptocurrencies never sleep. They trade 24 hours a day, 7 days a week, meaning there is always some sort of action to what a trader"s appetite. This weekend was no exception and a tremendous amount of social media buzz was created when Bitcoin plunged by $1,000 in the span of 48 hours. This was not the icing on the cake, because as Bitcoin was plunging, Bitcoin Cash—an instrument dismissed by many—surged by 231.33%, creating quite the shock-and-awe moment, especially for those who dumped their BCH positions shortly after they received them.
Trading cryptocurrencies is not for the faint of heart, and I have discussed on.
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